Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
FY 2003 Second Quarter Investment Report
City of Euless Second Qua-der In vostmen t -Ropoil Msc21 Year dYng INVESTMENT COMMITTEE MEETING May 29, 2003 • Compliance Summary-Legislative Requirements * Second Quarter Review, Fiscal Year 2003 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 March 31 , 2003 * General Discussion or Questions To Investment Committee Members From Vicki Rodriquez, Finance Administrator\01 Date May 29, 2003 Subject Second Quarter Investment Report The City of Euless Investment Policy, adopted by the City Council in April 2003, 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 second quarter of Fiscal Year 2002-03 and information for all funds for the same period. 1' The City's investment policy provides the general framework for the investment of 0 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 second 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 showy the market value at 12/31/2002, changes in market value, the market value at 03/31/2003, 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. N, Investment Strategy Compliance The strategy for all pooled funds is to assure that cash flows are matched with projected needs and assume AN,Vdequate liquidity and safety. This may be accomplished by purchasing high quality securities in a laddered tructure or utilizing an investment pool (See Appendiz E). Futhermore the following purposes are also considered when investing. -Operating Funds will) be structured in such a way as to minimize volatility during economic cycles. This may be accomplished by purchasing high quality short-term securities. The weighted average maturity on these funds will remain within the 6 to 9 month range. These funds include: 101 General Fund 501 Water&Sewer Fund 201 Hotel-Motel Tax Fund 510 Drainage Utility 210 1/2 Cent Sales Tax-Operations 520 Recreation Classes Fund 220 Crime Control&Prevention District 521 Arbor Daze Fund 230 Police Drug- DEA Awards 530 Softball World-Operations 231 Police Drug-State Awards 540 Golf Course Operations 232 Ft.Worth DEA Task Force 550 Athletic Complex operations 235 LLEBG 01/02 601 Equipment Replacement Fund 240 Car Rental Tax Fund 610 Health 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 Appendix E). The stated final maturity dates of securities held 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,Operating and Debt Service Reserve funds will have the ability to generate a dependable revenue stream to the appropriate fund from securities with a low degree of volatility. Such securities will tend to hold their value during economic cycles. The stated final maturity dates of securities held should not exceed five years (see Appendix E). These funds include: 102 General Fund-Emergency 507 Water&Sewer-Emergency Fund 103 General Fund-Contingency 512 Drainage Reserve 211 1/2 Cent Sales Tax-Bond Reserve 705 Star Center Bond Reserve 240 Car Rental Tax Fund (2,000,000 Reserve) Based on the above strategies, the investment portfolio reported herein is in compliance with the relevant visions of the investment policy and the Public Funds Investment Act. Lorettd Getchell Director of Fiscal and Administrative Services L Vicki Rodriquez nance Administrator > 2 -` ` Summary of Investments by Fund The following is a summary cfinvestments held byeach fund at December 31, 2002. and March 31, 2003! The changes include all Crmbnwntpu�haoeu. moduhtiuoand expenses that occunaddudngthe second quo�orofFY28D3. Investment Securities Investment Securities Increase/ atMarket Value mtMarket Value Decrease 12/31802 03/31103 In Fund 101 General Fund 7.040.0%36 8.721.991.89 1.681.981.53 Property tax Receipts 102General Fund-Emergency 501.093.75 502.265.63 1.171.88 � 1O3General Fund-Contingency 500.825.¢0 500.037.50 312.50 | 201 Hotel-Motel Tax Fund 176.526.03 167.025.89 (9.500.14) 210 1/2Cent-Operations Fund 817.454.88 888.619.96 (8.834.02) 211 1/2Cent-Debt reserve 953.510.21 956.214.90 2.704.69 220 CCPD 538.841.10 440.487.51 (08.353.59) Operating Expenses 230Police Drug'DEA Awards 198.686.41 199.310.90 825.49 231 PoliceDnug-GtatoAwavde 10.777.50 10^808.07 30.57 232 Ft.Worth DEA Task Force 45.378.65 6.592.59 (38.784.06) DEA Disbursement � 235LLE8G01/02 26.626.87 28.707.90 81.03 240 Car Rental Tax Fund 8.325.551.20 3.908.327.50 (4.417.233.78) OFVVRebate � 301 Developers Escrow Fund 1.220.322.37 1.125.034.58 (06.287.81) Inv. Matured 305 Streets 8Onsinaga-QP 8.407.377.50 7.85$'369.78 (551.007'74) Capital Outlay 310 1/2Cent Sales Tox-C|P 877.499.95 378.847.53 1.347.58 ' 320General C|PFund 24'369.58 24.451.88 82.30 325Police Facility C|P 26.916.02 26.991.37 76.35 - 330 Car Rental C|PFund 987.186.45 1.369.250.87 402.073.42 Excess Fund Balance 401 QebtSonviue/G$nano\ 1.754.189.28 1.158.953.82 (595.235.46) Debt Service Payment 402 Star Center Debt Service 356.027.84 195.406.88 (160.628.46) Debt Service Payment 501 Water&Sewer Fund 4.827.910.20 4.129.327.12 (698.802.08) Inv. Matured 502Water QSewepC|P 3.452.938.88 3.401.864.10 (51.07478) Capital Outlay 605Water Impact Fees 1.598.210.31 1.600.308.51 1'998.20 �N&�y 507 Water&Sewer-Emergency 502.500.00 500.828.00 (1.875.00) 5OMWastewater Impact Fees 986.551.13 986.811.42 260.29 510 Drainage Utility 569.425.69 625.981.88 56.556.17 Excess Fund Balance 511 Drainage-C|P 1.117^698.32 1.119.986.28 2.386.88 612Drainage Reserve 231.119-08 231.119.00 0.00 520Recreation Classes Fund 157.082.05 158.450.90 467.95 521 Arbor Daze Fund 179.80970 258.433.60 70.623.90 Sponsorships receipts 530Softball World Operations 538.117.33 444.774.82 (Q3.842.51) Operating Expenses 540 Goff Course Operations 0.00 0.00 0.00 541 Goff CouceaC|P 149.641.29 150.202.70 561.41 550Parks @ Texas Star 56.048.65 61.240.17 (4.80$48) 552Athletic Complex C\P 1.575.359.27 1.527.054.55 (48.304.72) Capital Outlay 601 Equipment 454.3Q3.60 S0G.31T.M3 51.824.24 Tnon�eriofor Vahi�eu —`—' 610 Health O hin�uoanceFund �.00 .80 0.00 615 Risk Management Fund 477.874.94 444.313J9 (33,381.15) Operating Expenses 785 Star Center Reserve Fund 2.152.794.30 2.159.998.31 7.304.01 Interest TOTAL: 61.297.153.00 46'873.215.79 (4.823.936.21) �N�� PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the second quarter, March 31, 2003, is summarized by instrument and by maturity as shown below. Distribution by Instrument Average of Average Yield Instrument Type $COST Portfolio 'fie d Last Qtr Agencies 19,326,754 41.44% 2.53% 2.67% Money Markets/Pools 27,310,672 58.55% 2.00% 2.00% Certificates of Deposit 5.000 0,01% 1.26% 1.38% $46,642,426 100.00% This table shows that the majority of City funds, approximately 59% are invested in money market funds and local government investment pools which provide a high level of safety and daily liquidity. An additional 41% 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 2.42%. 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 $28,315,672 60.71% 31 -90 $0 0.00% 91 - 180 $1,406,550 3.02% 181-365 $3,239,330 6.95% Over 365 $13.680.874 29.33% 0 Total $46,642,426 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Approximately 64% 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 29% 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, dontingency, and reserve funds for these longer investments. The average weighted maturity of our portfolio is currently 289 days,within our 365 day guideline. By Instrument By Maturity 0% 29% 01-30 ®Agencies 0 &441/° 12 Treasuries ®31 -90 59% ®MMkts/Pool E91 -180 0% ■CD's 7/° 61% G181-365 41 ° ®Over 365 3ii§6 4 City of Euless Pooled Portfolio Summary for Quarter Ending March 31, 2003 Cost Book Market Principal Only Value Value Investments at December 31, 2002 $51,189,359.68 $51,141,507.25 $51,297,152.01 Investment Purchases 17,018,659.38 Investment Maturities (21,709,919.59) Dividends Reinvested (Pools) 100,505.02 Investments at March 31, 2003 $46,598,604.49 $46,566,259.63 $46,673,215.76 Qd:2e Loretta Getchell Director of Fiscal and Administrative Services ; Vicki Rodriquez Finance Administrator 5 Cash Management Activity Average 90 Day T Bill Yield Average City Basis Point Month (BenchmaLk� Portfolio Yield Difference Jan 1.17% 2.59% 1.42% Feb 1.17% 2.50% 1.33% Mar 1.14% 2.42% 1.28% The Fed Funds rate is currently at 1.25%. This is the lowest level in over 30 years. This level is indicated above by the average 90 day T-Bill rate. Currently, the average yield on our portfolio is 2.42%. The average yield on our portfolio dropped 17 basis points during the quarter and continues to drop. Month Invested Balance Cash Balance % Invested Jan $52,415,393.00 $895,482.00 99% Feb $53,946,751.00 ($55,600.00) 100% Mar $46,642,426.00 $239,368.00 IN.% Average $51,001,523.33 $359,750.00 100% 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.; cashfiow 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. % Investedi 100,20% $1,000,000.00 I(A00% $800,000.00 99.80% 99.60% $600,000.00 99AO% $400,00UO 99.20% 99.00% $200,000.00 98.80% $0.00 98,60% 1 98.40% ($200,000.00) Jan Feb Mar Jan Feb Mar 6 COLLATERAL REVIEW The first and most important objective of public funds investments is safety of assets. Therefore,all non-goverd-ment security Aft� 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 3131103 Pledging Safekeeping Pledged Sec. Security Market Value Inv.Value Difference Institution Location Description Par Value (w1FDIC Ins.) 0-Mat:y(P& 1) Over/(Under) Bank One $0 $100,000 $26,487 $73,513 $Mkt $0 DDA $26,487 Southtrust Bank Southtrust $1,500,000 $1,694,219 $356,987 $1,337,232 Safekeeping FHLMC Payroll $46,510 03/15/11 $500,000 Operating $310,477 FHLMC 10/01/04 $1,000,000 Reproduced By: Finance Administrator Reviewed by: Director of Fiscal&Admin SrvcC 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. 7 INTEREST INCOME FYOI-02 Budget: $1,822,036 FY02-03 Budget $1,171,560 � � Percent oYBudget: 75% FY02'03Projected: $992,998 Proj.%ofBudget: 84.76% The FY02'03projected 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 baboearned and distributed tothe various funds which are able toinvest. Interest Income ByFund ^Awmf8/3112008 Fund Fund FY 02 FY 02 *FY 03 FY 03 Cpns& Pooj Po8 Proi|nt. 101 lGeneral $280,000 $274,681 $280,000 $53,710 $96,359 $53,956 $20,000 $224,025 ($55,975) 201 Hotel/Motel 8,000 4,305 7,000 1,148 0 0 $3,000 4,148 (2,852) 210 1/2 Cent-Ops 50,000 20,267 40,000 4,479 2,813 0 $3,000 10,291 (29,709) 220 Crime Control 15,000 11,213 15,000 4,445 0 0 $9,000 13,445 SL�� 230 Euless DEA 5,000 3,004 5,000 1,327 0 0 $3,800 5,127 127 1 231 Police State Awards 0 215 0 68 0 0 1 $247 315 315 232 DEA Task 0 207 0 189 0 0 $100 289 289 240 Car Rental 250,000 247,750 200,000 79,565 55,914 28,651 $24,000 188,130 (11,870), 301 Escrow 50,000 42,509 20,000 11,703 2,441 $2,500 19,456 (544)l 305 Street CIP 346,862 222,650 140.000 50,855 7,678 5,844 $5.000 69,377 (70,623) 310 1/2 Cent-CIP 3,798 15,799 2,0001 2,777 0 0 $0 2,777 777 325 Police Facllit�CIP 111,538 (17,863) 0 169 0 0 $0 169 169 330 Car Rental-CIP 73 (13,277) 0 11,786 0 1'811 $0 13,597 13,597 401 GO Debt 15,000 17,631 13,000 7,186 0 0 $2,000 9,186 (3,814) 402 Star Center Debt 10,000 5,941 6,000 2,531 0 0 $2,500 5,031 (970)l 501 Wtr/Sewer 300,000 230,706 260,000 50,982 32,800 33,423 $20,000 137,205 (122,795) 502 W&S CIP 1129,196 65,611 45,845 27,598 25,652 21,873 $ 75,124 29,279 '500 :199 505 Water Impact Fee 60,000 38,569 20,000 1 10,234, 71 13.465 1.000 32,199 12 508 Wastewater Impact 52,000 14,206 20,000 1 3,686 5,938 IC-88-1 $1,000 15,504 (4,496) 510 Drainage 20,000 22,379 20,0001 8,639 0 0 $8,500, 17,139 (2,861) 51.1 Drainage CIP 6,000 7,260 6,000 9.109 - 0 $3,500 12.609 6,609 520 Recreation Classes 2,500 3,365 2,500 1,014 0 40 A 2,014 (486) 521 Arbor Daze 1.000 4,501 1,000 1,392 0 0 $1,300 2,692 1,692 530 Softball World 5,000 10,500 5,000 3,922 0 0 $3,500 7,422 2,422 641 Golf course CIP 24,008 8,165 0 1,194 0 0 $1,800 2,994 2,994 550 Parks at Texas Star 0 1,139 0 441 0 0 $400 841 841 552 Ath.Complex PH 11 1,846 1,845 0 9,429 8,625 1,821 $0 19,875 19.875 EHealth Insurance 15,000 13,244 15,000 1 136 0 $0 136 (14,864) 61 Risk Mgmt 25,000 10,982 25,000 3,375 0 0 $8,000 11,375 57,829 705 Star Center Reserve 0 43673 0 1 16.021 0 0 $41,808 57,829 , Note that interest earnings is being earned by all investable City funds and great efforts are pursued for all funds to meet their budgeted level. Several funds were not budgeted due to the volatility of their revenues and expenditures. However,these funds are used for investment purposes when they have funds available. These funds include Capital Improvement Projects,DEA funds and the Star ^FY2003budgeted interest earnings were based ononaverage rate mfreturn ofapproximately 3.096. VVoare currently earning on mven«meof2.4%onour investments. The interest earned inthis fund imtransferred tothe Half Cent Sa|uuToxoperating fund after the required reserve level has been met. 8 • APPENDIX • • aR at 8� N1 � oiC$R �S S9o9 m 8S 8 Smep 8 lmgp O(7 N O 0 N S O Q N O N A d 1p7 O 1p7 YQp 7 (J °moi♦Oafl g8 O p� GS N N O S S S G n O AC NW N a0 O t7 OAi O ' A C L N S S N 1!I O N O N WXW �of N m FI F- 0 U�o�LLa�8a m m°Sm°S LL ppmS°N1 LLTqmS3° -» S==O W p �OOo< 8UZ UZ Z< <UZ<< j]ZZjj> ,<<<>x( ZiZ8< JJ WZZW OOZ(� O J= O oiO O�ppp pp OOxIrOO2WWp � -55 >> KZOZO z» >2 jz O 0°°m°° m3 °O° <<0 � � mv 3 m LLV J pN O S O N n N 0 0 N N h N n d S p Np N h N In�((NC(pp1 8 m A O 1A S 0 S N S O oN�q Op N O 8 S h l7 S 10(1 S 0 l7 l7 N Y O b O Oai l7 q O Q Y N q 1�N S Npp O M O O 8 O N P p N M N l7 N 0 fD 87 l8h 8O 8 N m O 8 O 8 m Q p A O O N O p O N(y°1 W N S R 8 Q ��p n ggqqm O 1 9 O(O�y� qO N S S 0 l�S N°OI N N 8 A 1°8 N N N 10°N n N N N Y)N N N N YOf N Yf N R N h N N N S N N 1�N 1�N N S l7 V i�mpp b A O�l1'pp1 N _ 8 yppy 88' 1p�8'p p oo N1� 88 pNpN 88 881{�� p1� 88 8 8 N r�N b 3 8 1pp �y p 77ii pp n A pp N p�Op N A pO N A s�Aj x N A O 8p O O O C N Q S l�m tl N 0 0 N M N O O O S S Ca i2�LLI S S O'S S O S S S S S S S S S S S O S S S S H 8 S S S S S S O S S O O J pp pp yy pp pp o p p pp pp pp pp -------------------- --- 8tl0000001R,sS8NS000SOONs88888ss888888888888888888888gCOC, -� x xae� x�exxxxxxx�xxxxxx xxx �xxxx��J[xxbxxxxx x�xxx�b(� �b[a^e x xxxx F �nO q N ^ h h N N a h O 1° l N In S O O t7 Cl 1A S f S N N N O S S S l7 1° N 10 O Np N 8q m a N N 8 O Oo00O O s A Q A R l7 N N O O N A 00001111 fV .6 O r CI f Y N Y!7 N'.4 n N lV CI CI N N lV CI CI l7 l7�-CI!)6 N N N CI IV lV N 6 N CI lel N N N C1 N Cl CI 6 6 N 6 N N N C4 _ (t'Ip�p�{{(O(yu�y NSA(NyOS��8 ci N8 fV Yf N OI N O Ryp��Apy pO O 8O!/N N p�A(pwIp�y 100 b Mf{�NqO O qQ ya1�0�S N O l7 pqNp OI�I S O 8 N Nyh(q�q(Vy l� R8�Ny 8 3 3 3' pe81 O O n A- In O Q O N O N N Q 0 0 0 N N N l7 O S N^O Y l7°I W w A'N "�N N N N CI r g A Y r�- N N N g "yyy}y}iyQ' _ 8888888888888888889 8.8.s.8.s88n8.8. 8888n888888R88N88p'0�.8^�88888pN8n88mm 8 333 8 d Y O0 O N O N O O Q O A O l�°�1 O O V�P'/- O O O O O O O N N!�W O S N b O O N N O N M A lel 8 S CI H N O O C'Ml O'^R N 1A Iff MI Yf CI Oi O f Ml°I O 1fl 1fl N Ml N 16 N l 1A O O O N ID 1n.6'A O A N O 16 iD C • ££ 3>md m�8�888vn88889888882ng888888888n8888888888aPII 0.6 1.18 z �e o�e 88QqG�88QO$88qqO�88O�85ppO�88�O 8O�8QQ88pqO�85�O 88O�88pqO�88pqO�8�8pqO 8ppOs88pqO�8g8p88p88p8GG�8O88p�8ps888p8$8�8g8p��8p8p��8p8g8�899�8�888�88$88�88�s8�88�s8�88�888S88888a� a OO.QgO .OQ.O.q.OOOOOpqOOO -O-O-O-G-O-O �b�up81pNIf�� b�qN 6° SQXa� QQaG SQSb�o� p8{�y p A0 Y s }Qa s $Qa$5 g $7QyS�QYyp 8�SQSX� 5�Q3�{8g Qhs 8s^}� QSTs S O OqI pOq Ol 1 q O O lq7^ 0 0 0 0 0 0 0 qW O O N 00 O O O 8 8 8 S O°I g 8 8 8 s 8 8 8 8 8 8 8 8 8 8 8 8 8 8 8 0'A0 8 8 8 8 8 W LL.S tV pp p ��pp pp pp pp 11�O (V uo nhN40O 0 YNR��OOnIAOSYOON���1°f l7RR���ml;e�iNN�� ve08N^ � N U g n n 1� 4 i�l' n I�g o e di 13 I�f d3 dS of e�f df n q IncoU c2'c c c2 c2E2`cE c�E$$ AAn��A ?{aS?S?i tQrV?S Za � tQ0 2 333 < S o 0 03' '00'1 HEN 0000�e o Hs o o e o e �LLx i 22"s o Oo <<< fo 333 W EQN N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N S E E� �e geee g aEgg � g� sg&g�QSSRI 0 pp p 6�d ¢ ��AOm$F QFq OW O�W Uyi�yN��{LL XXR1�LLQ{(�xQ{ 'JmrFY{qCf l7�2 2 y(2„5��NO F(0<OON -{1)Al O CL K Eiji yCC � 1ZaL 9 3 RIL 2 C7 A!lA�l7AA AOIM!'11A�Al117 t7�A�F!{7='l II OI A AA!!M�jrC 11 M Q'C�l7 FI�t7A hA �� $ � s Al of Euk»s meM Provided As of March 31,2003 "Market Prices Proved by Wachovia Securities InvestmentTYM Institution LOGIC Local GM Pool FNMA Fed.Nall Mort Assoc. FMAC Fed.Home Loan Mort.Corp Wachovia Wachovls Securities FSW First Southwest LOGIC Local Gov"t Investment Coop. FGIC Money Market Pool FFCB Fed.Farm Croda Bank CD Certificates of Deposit Vining Vin"Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Govt Pool FHLB Fed.Home Loan Bank BencOne Bane One Capital LNDMRK Landmark Bank Texpool TEXPOOL Duncan Duncan Williams Irkv. Cusip Purchase Tenn Maturity Call Days Price Par Principal Interest Interest Yield To Book Market Market Seller Unamortteed Coupon IYJts N.umbe Psis (In days) QMQ Qata Accred PerS100 Value Invested amat'y Accrued Matud4C Vahm Prtce Value I04L Discou Premium PremVis Baia U.S.GOVERNMENT AGENCIES Agency Coupon Notes FHLB 3133MMGB3 03/14/02 204 04/08/03 n/c 172 100.000000 1,000,000.00 1,000,000.00 13,000.00 10,980.78 2.60•% 1,000,000.00 100.031250 1,000,312.50 Banc One 2,600% FNMA 31359MKTO 08/27/01 180 M15/03 n/c 45 99.902000 500,000.00 499,510.00 10,000.00 2,500.00 4.05% 500,000.00 100.828125 504,140.63 Merrill 4,0001/. FNMA 31359MKT9 04/12/02 180 08/15/03 n 1c 45 101.281250 990,000.00 901,403.13 17,800.00 4,450.00 3.02% 892,850.76 100.828125 897,370.31 Merrill 11,403.13 2,850.76 4.0001/. FHLB 3133MJVZO M12102 1180 11/14/03 n✓c 138 99.625000 500,000.00 498,125.00 6,250.00 4,722.22 2.77% 499,227.97 100.671875 503,359.38 Vining 1,875.00 (772.03) 2.500% FHLB 3133MJXD7 04/17)02 180 1=003 n/c 116 98.964000 900,000.00 890,676.00 12,375.00 7,975.00 3.41% 896,270.40 100.937500 908,437.50 Banc One 9,324.00 (3,729.80) 2.750% FHLB 3133WON1 0828102 180 0126)04 rVc 64 104.574000 750,000.00 784,305.00 20,662.50 7,346.67 2.20% 768,181.46 103.500000 776,250.00 Merrill 34,305.00 18,161.46 5.510% FHLB 3133M7JV9 10/17)02 180 02)09/04 Mc 51 103.951000 50,000.00 51,975.50 1,306.25 370.10 2.15/. 51,234.70 103.406250 51,703.13 MERRILL 1,975.50 1,234.70 5.225% FHLB 3133MRZCO 10/07/02 190 04/07/04 04/07/03 173 100.000000 500,000.00 500,000.00 5,650.00 5,430.28 2.28% 500,000.00 100.000000 500,000.00 DUNCAN 2.2WV FHLB 3133MS5K2 1415/02 180 04/15/04 04/15/03 165 100.000000 500,000.00 500,000.00 5,625.00 5,156.25 2.25% 500,000.00 100.031250 500,156.25 BANC ONE 2.250% FNMA 31359MMWO 0828)02 180 05/12/04 05112/03 138 101.187500 500,000.00 505,937.50 9,375.00 7,187.50 2.04% 500,659.72 100.250000 501,250.00 Vining 5,937.50 659.72 3.7501/. FMAC 312924TX1 12/14)01 180 0520/04 n1c 130 99.312500 750,000.00 744,843.75 12,187.50 8,802.08 3.55% 747,688.60 102.187500 760.406.25 Merrill 5,158.25 (2,311.40) 3.250•/. FMAC 312924TX1 1228)01 180 0520/04 nit 130 98.781250 500,000.00 493,906.25 6,125.00 5,888.06 3.79% 497,170.81 102.187500 510,937.50 Merrill 6,093.75 (2,829.19) 3.250% FHLB 3133MU5SO 12/17/02 180 06/17/04 06/17/03 103 100.000000 500,000.00 500,000.00 5,000.00 2,861.11 2.001/6 500,000.00 100.187500 500,937.50 BANC ONE 2.0001/. FMAC 312925WNS 07/15/02 180 07/15)04 07/01))03 75 100.000000 807,000.00 007,000.00 9,863.75 4,109.90 3.25/. 607,000.00 100.609375 610,698.91 Merrill 32501/. FFCB 3133100M2 02)07/03 180 011/09)04 08/09/03 53 100.0000 1,000,000.00 1,000,000.00 8,800.00 2,591.11 1.760/9 1,000,000.00 100.218750 1,002,187.50 Wachovle 1.760•/. FHLB 3133MVR62 02/16)03 180 O8/18104 08118/03 42 100.0000 500,000.00 500,000.00 4,050.00 945.00 1.62•/. 500,000.00 100.156250 500,781.25 Wachovla 1.820•/. FHLB 3133MVTV5 02119/03 180 09/18)04 OSMSM3 42 100.0000 500,000.00 500,000.00 4,325.00 1,009.17 1.73% 500,000.00 100.218750 501,093.75 Wachovia 1.730% FHLB 3133MVR96 0220)03 180 0820)04 0620/03 40 100.0000 500,000.00 500,000.00 4,275.00 950.00 1.71% 500,000.00 100.078125 500,390.63 Wachovia 1.710% FHLB 3133MTZXP 12/10/02 180 09/10104 09/10/03 110 100.000000 500,000.00 500,000.00 5,025.00 3,070.83 2.01% 500,000.00 100.375000 501,875.00 DUNCAN 2.010% FHLB 3133MSPWM 1028)02 180 10/28/04 04/29/03 152 100.000000 500,000.00 500,000.00 5,937.50 5,013.89 2.38% 500,000.00 100.078125 500,390.63 BANC ONE 2.3751/. FNMA 3136F2PM4 IWIN02 180 1029104 0429103 151 100.000000 500,000.00 500,000.00 6,250.00 5,243.06 2.50% 500,000.00 100.078125 500,390.63 NACHOMA 2.510% FNMA 3136FIJ6a 0522102 180 1122104 0522/03 128 100.000000 450,000.00 450,000.00 8,887.50 6,320.00 3.95% 450,000.00 100.390625 451,757.81 Merrill 3.950% N FNMA 3136F2VM7 12/08/02 180 12106/04 06/06/03 114 100.000000 500,000.00 500,000.00 6,125.00 3,879.17 2.45/. 500,000.00 100.250000 501,250.00 MERRILL 2.450 FNMA 313OF2VW5 12)09)02 180 12/09/04 12/09/03 111 100.000000 500,000.00 500,000.00 5,000.00 3,083.33 2.00•% 500,000.00 100.562500 502,812.50 BANC ONE 2.000% FHLB 3133MM8 12/13/02 190 12/13)04 06/13/03 107 99.958750 500,000.00 499,843.75 5,650.00 3,358.61 2.28% 500,000.00 100.218750 501,093.75 MNING 2.260% FHLB 3133MDATO 10/15102 180 02/15/05 n1c 45 107.000000 500,000.00 535,000.00 13,437.50 3,359.38 2.28% 527,500.00 106.937500 534,687.50 MERRILL 35,000.00 27,500.00 5.375/. FHLMC 3128XOGS2 11/13102 180 05/13105 06/13/03 137 100.000000 585,000.00 585,000.00 7,678.13 5.843.91 2.63% 585,000.00 100.171875 586,005.47 Merrill 2.625/. FHLB 3133MVSZ7 02/27103 190 05/27/05 0527/03 33 100.0000 500,000.00 500,000.00 6,000.00 2.401/6 500,000.00 100.187500 500,937.50 Wachovia 2.400°% FHLB 3133MPDAI 0624)02 180 0624105 06/14103 96 100.000000 550,000.00 550,000.00 8,250.00 4,400.00 3.00% 550,000.00 100.359375 551,976.56 Wachovia 3.000% FFCB 313310M 0328/03 180 0824/05 0924103 2 99.8750 775,000.00 774,031.25 7,982.50 2.06% 774,031.25 100.250000 770,937.50 Merrill 968.75 (968.75) 2.060% FHLB 3133MVDKO 0129103 180 0729)05 0729/03 6t 100.0000 500,000.00 500,000.00 6,350.00 2.54% 500,000.00 100.453125 502,265.63 Wachovia 2.540% FHLB 3133MTF294 11/19/02 180 08/19)05 05/19/03 131 100.000000 500,000.00 500,000.00 7,500.00 5,458.33 3.00•% 500,000.00 100.250000 501,250.00 Wachovia 3.000% FHLB 3133MTRXB 1122)02 180 0822105 0522/03 128 100.000000 500,000.00 500,000.00 5,000.00 3,555.56 2.00% 500,000.00 100.125000 500,625.00 Wachovia 2.000% FHLB 3133MGZL3 09/10/02 180 0628/08 0828/03 32 102.843750 400,000.00 411,375.00 10,800.00 1,920.00 2.56•% 403,791.64 101.718750 406,875.00 Vining 11,375.00 3,791.64 5.4001/6 TOTAL: 19,207,000.00 19,282,932.13 274,543.13 137,741.29 2.53% 19,250,687.31 19,357,543,44 23A17.75 99,996.13 43,597.31 Certificates of Deposits CD 0423/02 365 04/23/03 We 342 100.000000 6,000.00 6,000.00 100.00 93.70 2.000% 5,000.00 100.0000 5,000.00 Lndmrk 2.000% Investment Pooh LOGIC WA N/A N/A N/A N/A 100.000000 58.12 58.12 N/A WA 1.2554% 58.12 100.0000 58.12 LOGIC Texpoo WA N/A N/A N/A N/A 100.000000 16,619,411.91 16,619,411.91 N/A N/A 1.3472% 16,619,411.91 100.0000 16,619,411.91 Texpool FGIC N/A N/A N/A N/A N/A 100.000000 10,691,202.30 10,691,202.30 N/A N/A 1.1900% 10,691,202.30 100.0000 10,891,202.30 FGIC TOTAL: 27,310,672.32 27,310,672.32 1.2642% 27,310,672.32 27,310,672.32 0.00 0.00 0.00 TOTAL PORTFOLIO 46,522,672.32 46,596,604,45 274,643.13 137,934.99 46,666,259.63 46,673,215.76 23A17.75 99,996.13 43,587.31 of Euk;ss rnent by Fund As of December 31,2002 Investment Type Institution ' LOGIC Local Govt Pool FNMA Fed.Nefl Mort.Assoc. FMAC Fed.Home Loan Mort.Corp IST Union First Union Securities FSW First Southwest LOGIC Local Govt Investment Coop. FGIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certiliicates of Deposit Vining Vk*V Sparks Merrill Merril 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 Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Term Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of Iym Numb4f bilk (In days l Dsta batt Par$10o Value (Prin.Only) 9b mgtyy Int.®Mari Maty Rate Purchased LnA Discount Premlum Band Value Portfo(!q bre Fund 101-General Fund FGIC WA 100.0000 151,523.17 151,523.17 151,523.17 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 $93,877.81 1.16% 0.00 FNMA 31359MHA4 11/01/02 103 02/14103 100.9545 100,000.00 100,954.50 2,500.00 102,500.00 1.63% 5.000% 1,055.56 Banc One 954.50 101 100,421.88 0.201/6 0.21 FHLB 3133MLS97 0228102 360 0228103 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 03/14/02 384 04/0603 100.0000 1,00(3,000.00 1,000,000.00 27,733.33 1,027,733.33 2.80'/. 2.600% Banc One 101 1,003,593.75 1.95% 7.49 FHLB 3133MRZC9 10107102 540 04107/04 04/07103 100.0000 500,000.00 500,000.00 10,950.00 516,950.00 2.204. 2.250% DUNCAN 101 501,250.00 0.98% 5.27 FNMA 31359MMW0 0828/02 614 05/12104 06/12/03 101.1675 500,000.00 505,937.50 37,500.00 537,500.00 2.0410. 3.750% 5,625.00 Vining 5,937.50 101 504,531.25 1.00% 6.13 FMAC 3129247X1 12/14101 876 0520/04 0520/01 99.3125 750,000.00 744,843.75 60,937.50 810,937.50 3.55% 3.25010. 1,625.00 Merrill 5,156.25 101 767,343.75 1.46% 12.76 FHLB 3133MUSS0 12/17/02 540 06/17/04 06/17/03 100.0000 500,000.00 500,000.00 15,000.00 515,000.00 2.1X)10. 2.000% BANC ONE 101 501,640.83 0.98% 5.27 FHLB 3133MSX88 11/11=2 630 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 1125/02 630 0825/04 0225103 100.0000 500,000.00 500,000.00 16,375.00 518,375.00 2.10% 2.10010. DUNCAN 101 500,546.88 0.9111% 6.15 FHLB 3133MTZ)(9 12/10/02 630 09/10/04 09110103 100.0000 500,000.00 500,000.00 17,587.50 517,587.50 2.01% 2.010•/6 DUNCAN 101 502,031.25 0.98% 8.15 FHLB 3133MFZ92 0820/02 874 0124/05 0124103 101.3500 500,000.00 506,750.00 65,250.00 565,250.00 2.03% 5.2201/6 1,885.00 Banc One 6,750.00 101 501,250.00 0.99% 8.67 FHLB 3133MGZL3 0820/02 1446 0826/08 0828103 102.8438 400,000.00 411,375.00 97,200.00 497,200.00 2.56% 5.4001/6 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 7,040,010.38 13.73% 79.67 Fund 102-General Fund-Emergency FNMA 31359MOB2 12/13/02 720 12/13/04 03/13103 100.0000 500,000.00 500,000.00 25,000.00 525,000.00 2.5010. 2.5001/6 BANC ONE 102 501,093.75 0.98% 7.02 Fund 103-Genomi Fund Contingency FFCB 31331OKK2 12103/02 540 O6/03104 03103/03 100.0000 500,000.00 500,000.00 14,925.00 514,925.00 1.99% 1.990% VINING 103 500,625.00 0.98% 5.27 Fund 201-HoteUMotel FGIC WA 100.0000 159,810.49 159,810.49 159,810.49 1.29% FGIC 201 159,810.49 0.31% 0.00 Texpoo WA 100.0000 18,715.54 16,715.54 16,715.54 1.46% Texpool 201 16,715.54 0.03% 0.00 I ' subtotal 176,526.03 176,526.03 0.00 176,526.03 0.00 0.00 0.00 subtotal 176,526.03 0.34% 0.00 Fund 210-Haff Cent Operations Texpoo WA 100.0000 240,359.42 240,359.42 0.00 240,359.42 1.46% Texpool 210 240,359.42 0.47% 0.00 FGIC WA 100.0000 326,392.33 326,392.33 0.00 326,392.33 1.29% FGIC 210 326,392.33 0.64% 0.00 FHLB 3133MS5K2 10/15102 540 04/15/04 04/16103 100.0000 250,010.00 250,000.00 (1,437.50 258,437.50 2.25/. 2.25010. BANC ONE 210 250,703.13 0.4910. 2.63 Subtotal 816,751.76 816,751.76 8,437.50 825,189.26 0.00 0.00 0.00 subtotal 817,454.88 1.591/6 2.63 Fund 211-Haff Cent Reserve FGIC N/A 100.0000 953,510.21 953,510.21 0.00 953,510.21 1.2910. FGIC 211 953,510.21 1.86% 0.00 Fund 220-Crkns Control and Prevention FGIC WA 100.0000 0.00 0.00 0.00 0.00 1.29% FGIC 220 0.00 0.001/6 0.00 Texpoo WA 100.0000 538,641.10 536,841.10 0.00 538,841.10 1.46% Texpool 220 538,841.10 1.05/. 0.00 Subtotal 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 230-Polioe DFA(Fedsraq FGIC WA 100.0000 131,041.99 131,041.99 131,041.99 1.29% FGIC 230 131,041.99 0.26% 0.00 Texpoo N/A 100.0000 67,643.42 67,843.42 0.00 67,643.42 1.46% Texpool 230 67,643.42 0.13% 0.00 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 Furl 231-Pollee DEA(State) FGIC WA 100.0000 10,777.50 10,777.50 10,777.50 1.29% FGIC 231 10,777.50 0.021/6 0.00 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 Task Force Texpoo WA 100.0000 45,375.65 45,376.65 0.00 45,376.65 1.46% Texpool 232 45,376.65 0.091/6 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 1.29% FGIC 232 0.00 0.00% 0.00 Subtotal 45,378.65 45,376.65 0.00 45,376.65 0.00 0.00 0.00 subtotal 45,376.85 0.09% 0.00 Fund 235 LLEBG 02 FGIC WA 100.0000 20,514.41 20,614.41 20,614.41 1.29% FGIC 234 20,614.41 0.04% 0.00 Texpoo N/A 100.0000 6,012.47 6,012.47 0.00 0,012.47 1.46% Texpool 234 6,012.47 0.01% 0.00 Subtotal 28,626.87 26,826.87 0.00 26,626.87 subtotal 26,626.87 0.05% 0.00 8m.1 Euless ent by Fund As of December 31,2002 Investment Type Institution ' LOGIC Local Gov't Pool FNMA Fed.Nafl Mort Assoc. FMAC Fed,Home Loan Mort.Corp IST Union First Union Securities FSW First Southwest LOGIC Local Govt Investment Coop. FGIC Money Market Pool FFCB Fed.Farre Credit Bank CD Certificates of Deposit Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Govt Pool FHLB Fed.Home Loan Bank BancOne Bane One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Tenn Maturity Call Peke Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of Lm Numbe gtkt (In days)gilt gttlt Per 5100 Value (Prtn.Only) a Ind.91 Mafv maturity Bak Purchased LrtaL Discount Premium Fund value Portfolio YYAM Fund 240-Car Rental Fund FGIC WA 100.0000 155,341.08 155,341.08 155,341.08 1.29% FGIC 240 155,341.08 0.30% 0.00 Texpoo WA 100:0000 1,742,100.05 1,742,106.05 1,742,106.05 1.46% Texpool 240 1,742,106.05 3.40% 0.00 FHLB 31331RSL0 08/07/01 591 0328103 n/c 102.8000 300,000.00 307,600.00 34,284.50 334,284.50 4.07•% 5.730% 6,064.25 Merrill 7,800.00 240 303,187.50 0.81% 3.62 FNMA 31359MKT9 04/12)02 483 08/15/03 101.2813 890,000.00 901,403.13 53,400.00 943,400.00 3.0rl. 4.000% 5,636.67 Merrill 11,403.13 240 904,740.63 1.77% 8.55 FHLB 3133M76N1 0828102 506 0126/04 104.5740 750,000.00 784,305.00 61,987.50 811,987.50 2.20'% 5.510% 3,673.33 Merrill 34,305.00 240 782,812.50 1.54% 7.81 FMAC 3129247X7 12281/7 862 0520/04 0620/02 98.7813 500,000.00 493,906.25 40,025.00 540,025.00 3.79% 3.2501/. 1,715.28 Merrill 6,093.75 240 511,562.50 0.97% 8.34 FMAC 312925WNS 07/15/02 720 07/15104 07/15103 100.0000 007,000.00 807,000.00 39,455.00 646,455.00. 3.25% 3.250% Merrill 240 613,449.38 1.18% 8.53 FHLB 3133MPKW5 07/16102 720 07/16/04 01/10/03 100.0000 500,000.00 500,000.00 32,500.00 532,500.00 3.25/. 3.250% 1st Union 240 500.390.63 0.981/6 7.02 FHLB 3133MU3BO 12/13/02 630 09/13/04 03/13/03 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.09% 2.100% WACHOVIA 240 500,625.00 0.9111/• 8.15 FHLB 3133MU390 12/13/02 630 09/13/04 03/13103 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.10% 2.1001/. FSW 240 500,625.00 0.98% 6.15 FNMA 3136FIJ88 0522/02 900 1122/04 052203 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 3136F2VW5 1Z"M2 720 12/09/04 121/9103 100.0000 500,000.00 500,000.00 20,000.00 520,000.00 2.001/6 2.000% BANC ONE 240 502,812.50 0.98% 7.02 FHLB 3133MM8 12/13/02 720 12/13/04 06/13103 99.9688 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 0828/02 1260 0228/00 0228103 99.9500 350,000.00 349,825.00 42,936.25 392,936.25 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-Developer's Escrow FGIC WA 100.0000 59,306.83 59,306.83 59,306.83 1.29% FGIC 301 59,308.83 0.121/. 0.00 Texpoo WA 100.0000 812,433.35 812,433.35 812,433.35 1.461/. Texpool 301 812,433.35 1.59% 0.00 FNMA 31364AXY3 06/14/01 627 03/11/03 N/C 102.6702 97,000.00 99,590.13 12,787.83 109,787.83 4.39% 6.0001/. 2,651.33 FSW 2,590.13 301 97,879.06 0.20% 1.25 FHLB 3133MS5K2 10/15102 540 04/15104 04/15/03 100.0000 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 2,851.33 0.00 2,590.13 subtotal 1,220,322.37 2.391/. 3.89 Fund 306Streets CIP N FGIC WA100.0000 0,890,331.10 6,890,331.10 0.00 6,890,331.10 1.29•/. FGIC 305 6,890,331.10 13.45% 0.00 Texpoo WA 100.0000 428,808.90 428,808.90 0.00 428.806.90 1.46% TEXPOOL 305 428,808.90 0.64% 0.00 FHLMC3128XOCRB 10/30/02 540 04/30104 01/30/03 100.0000 500,000.00 500,000.00 15,450.00 515,450.00 2.061% 2.060% DUNCAN 305 500,312.50 0.98% 5.27 FHLMC 3128XOGS2 11/13/02 900 05/13/05 06/13103 100.0000 585,000.00 585,000.00 38,390.63 023,390.63 2.53% 2.625% Merrill 305 587,925.00 1.14% 10.27 Subtotal 8,404,140.00 8,404,140.00 53,840.63 8,457,980.83 0.00 0.00 0.00 subtotal 8,407,377.50 16.40% 15.54 Fund 310-Haff Cent CIP FGIC WA 100.0000 75,063.56 75,063.56 0.00 75,063.56 1.29•% FGIC 310 75,063.56 0.15•% 0.00 Texpoo N/A 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-G.O.CIP-Flre Station Texpoo WA 100.0000 24,369.58 24,369.58 24,369.58 1.4e1/. Texpool 320 24,369.58 0.05% 0.00 Subtotal 24,369.58 24,369.58 24,369.58 0.00 0.00 0.00 subtotal 24,369.58 0.05% 0.00 Fund 326-Police Facility CIP FGIC WA 100.0000 26,915.02 26,915.02 0.00 20,915.02 1.29% FGIC 325 26,915.02 0.05% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 1.461/. 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 0,980.36 6,980.38 6,980.38 1.29% FGIC 330 6,980.38 0.01% 0.00 Texpoo WA 100.0000 78,140.44 78,140.44 78,140.44 1.48% Texpool 330 78,140.44 0.15% 0.00 FNMA 3136F2PZ5 11/07102 1080 11/07105 02/07103 100.0000 500,000.00 500,000.00 49,500.00 549,500.00 3.30% 3.300% Merrill330 500,937.50 -0.98% 10.54 FHLB 3133MTGR3 1126102 1200 0526106 02/26/03 100.0000 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 965,120.83 965,120.83 93,789.00 1,058,909.83 0.00 0.00 0.00 subtotal 967,186.45 1.88% 19.88 Fund 401-Debt Service Texpoo WA 100.0000 1,501,549.17 1,501,549.17 1,501,549.17 1.46% Texpool 401 1,501,549.17 2.93% 0.00 FGIC WA 100.0000 252,840.11 252,640.11 252,640.11 1.29% FGIC 401 252,640.11 0.49% 0.00 Subtotal 1,754,189.28 1,754,189.28 0.00 1,754,189.28 0.00 0.00 0.00 subtotal 1,754,189.28 3.42% 0.00 Fund 402Star Center Debt Service Texpoo N/A 100.0000 356,027.34 356,027.34 356,027.34 7.461/. Texpool 402 356,027.34 0.69% 0.00 Subtotal 356,027.34 356,027.34 0.00 356,027.34 0.00 0.00 0.00 subtotal 356,027.34 0.69% 0.00 Euless - 10 1 M by Fund As of December 31,2002 Investment Type Institution LOGIC Local Gott Pool FNMA Fed.Nall Mort Assoc. FMAC Fed.Home Loan Mort.Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Govt Investment Coop. FDIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certificates of Deposit Vining Vining Sparks Merrill McMO Lynch FGIC Financial Investors Trust Texpoo Local Gott Pool FHLB Fed.Home Loan Bank BancOne Bene One Capitol Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Irw. Cusip Purchase Tenn Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seiler Market %of Lw Numbe gift (in days l ppta PRIt Per 5100 value (Pain.Only) a Mary Int.®Ma fv maturity Rok Purchased Inst. Diseoum Premium Fund value Portfolio N[� Fund 501-Water and Sftnr LOGIC WA 100.0000 57.94 57.94 57.94 1.38% LOGIC 501 57.94 0.00•/6 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 774,658.111 774,859.61 774,659.01 1.46% TEXPOOL 501 774,659.61 1.51% 0.00 FHLB 3133MSOLO 10/18/02 362 10/02103 01102103 99.9888 500,000.00 499,843.75 10,000.00 510,000.00 2.00% 2.000% 444.44 FSW 156.25 501 500,000.00 0.98% 3.53 FHLB 3133WXD7 04/17/02 587 12104/03 98.9640 91)0,000.00 890,676.00 49,500.00 949,500.00 3.41% 2.7501/. 9,143.75 Banc One 9,324.00 501 911,812.50 1.76% 10.31 FNMA 3130FIELO 01/09/02 720 01109/04 01/09/03 100.0000 1,000,000.00 1,000,000.00 55,000.00 1,055,000.00 2.75% 2.750% 1st Union 501 1,000,312.50 1.95% 14.05 FHLB 3133WJV9 10/17/02 472 02/09/04 103.9510 50,000.00 51,975.50 3,918.75 53.918.75 2.151/6 5.225% 493.47 MERRILL 1,975.50 501 52,093.75 0.10% 0.48 FHLB 3133MTT84 12110/02 630 09/10104 03/10/03 100.0000 500,000.00 500,000.00 17,500.00 517,500.00 2.00% 2.000% DUNCAN 501 500,625.00 0.98% 6.15 FHLB 3133MDATO 10115/02 840 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 35,000.00 501 535,937.50 1.05% 8.64 FHLB 3133MTRX8 1122102 990 0822105 06/22/03 100.0000 500,000.00 500,000.00 27,500.00 527,500.00 2.00% 2.01X*/. Wachovia 501 501,484.38 0.98% 9.66 Subtotal 4,775,653.58 4,803,14!3.83 230,606.25 5,006,259.83 14,560.83 9,480.25 36,975.50 subtotal 4,827,919.20 9.40% 53.02 Fund 602-W&S CIP FGIC N/A 100.0000 197,548.61 197,548.01 197,546.61 1.29% FGIC 502 197,548.01 0.39% 0.00 Texpoo N/A 100.0000 1,638,351.21 1,638,351.21 1,1338,351.21 1.46% Texpool 502 1,638,351.21 3.201/. 0.00 FNMA 31359MKT9 0827/01 708 08115103 n/c 99.9020 500,000.00 499,510.00 39,333.33 539,333.33 4.05% 4.000% 0.00 Merrill 502 508,281.25 0.97% 8.90 FHLB 3133MJVZO 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 0.971/6 4.99 FFCB 31331QFN2 1023/02 540 0423/04 0123103 100.0000 50,000.00 50,000.00 1,537.50 51,537.50 2.05% 2.050% DUNCAN 502 50,015.63 0.10% 0.53 FHLB 3133MPDAI 0624/02 1080 0624/05 ,0624/03 100.0000 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 3,545,020.65 ' 937.50 1,875.00 0.00 subtotal 3,452,938.88 6.70% 24.01 Fund 505-Water Impact Fees Texpoo WA 100.0000 1,094,650.94 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'/6 FGIC 505 0.00 0.001/6 0.00 W FHLB 3133MTF294 11/19/02 990 08/19/05 05/19103 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% 9.60 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 507-111 Emergency FNMA 3136F2VM7 12/06102 720 121O6104 06106103 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 608-Wastewater Impact Fees FGIC WA -100.0000 166,221.42 166,221.42 166,221.42 1.29% FGIC 508 166,221.42 0.321/6 0.00 Texpoo N/A 100.0000 318,532.83 318,532.83 318,532.83 1.46% Texpool 508 318,532.83 0.82% 0.00 FHLB 3133MSPM8 10/28/02 720 10128/04 0428103 100.0000 500,000.00 500,000.00 23,750.00 523,750.00 2.38N 2.375% BANC ONE 508 501,796.88 0.98% 7.02 Subtotal 984,754.26 984,754.26 23,750.00 1,008.504.26 0.00 0.00 0.00 subtotal 986,551.13 1.921/. 7.02 Fund 610-Drainage FGIC WA 100.0000 151,092.22 151,092.22 151,092.22 1.29% FGIC 510 151,092.22 0.29% 0.00 Texpoo WA 100.0000 92,927.21 92,927.21 92,927.21 1.413% Texpool 510 92,927.21 0.18% 0.00 FNMA 3135WSA2 07/11101 539 01/10/03 N/C 103.7188 325,000.00 337,085.94 33,150.00 358,150.00 4.21% 6.8001. 61.39 Merrill 12,085.94 510 325,406.25 0.88% 3.55 Subtotal 569,019.44 581,105.37 33,150.00 002,169.44 61.39 0.00 12,085.94 subtotal 569,425.69 1.13% 3.55 Fund 611-Drainage CIP FGIC WA 100.0000 330,743.613 330,743.66 0.00 330,743.88 1.29% FGIC 511 330,743.66 0.65% 0.00 Texpoo WA 100.00130 85,971.29 85,971.29 85,971.29 1.46% Texpool 511 85,971.29 0.17% 0.00 FHLB 3133MRWE8 10/07/02 540 04107/04 01107/03 100.0000 500,000.00 500,000.00 17,812.50 517,612.50 2.3111/6 2.375% DUNCAN 511 500,078.13 0.96% 5.27 FNMA 3138F1QF0 10/30102 673 09/13104 03/13103 100.6570 200,000.00 201,314.00 14,1300.00 214,800.00 3.331/• 3.700% 966.11 3ANC ONE 1,314.00 511 200,908.25 0.39% 2.06 Subtotal 1,116,714.95 1,118,026.95 32,612.50 1,149,327.45 966.11 0.00 1,314.00 subtotal 1,117,899.32 2.18% 7.93 Fund 612-Drainage Reserve Texpoo WA 100.0000 231,119.00 231,119.00 0.03 231,119.00 1.461/. Texpool 512 231,119.00 0.45% 0.00 Fund 620-Recreation Classes FGIC WA 100.0000 136,324.89 136,324.89 0.00 136,324.89 1.29% FGIC 520 136,324.89 0.27% 0.00 Texpoo N/A 100.0000 21,658.07 21,656.07 21,658.07 1.46% Texpool 520 21,658.07 0.04% 0.00 Subtotal 157,982.95 157,982.95 0.00 157,9112.95 0.00 0.00 0.00 subtotal 157,982.95 0.31% 0.00 0simofEuless ent by Fund As of December 31,2002 Investment Type Institution LOGIC Local Gott Pool FNMA Fed.Nafl Mort Assoc. FMAC Fed.Home Loan Mort Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Govt Investment Coop. FGIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certificates of Deposit Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gott Pool FHLB Fed.Home Loan Bank BancOne Banc One Capaal Everen Everen 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 lim Numbe (ak (in days lDit: Pnbo Per$100 ygjyill (Prin.Only) IM Mary Int.91Mefv Matu $g14 Purchased Ing Discount Premlum Eund Value Portfolio yy� Fund 621-Arbor Daze FGIC WA 100.0000 179,014.66 179,014.66 0.00 179,014.68 1.29% FGIC 521 179,014.66 0.35% 0.00 Texpoo N/A 100.0000 795.03 795.03 0.00 795.03 1.461/6 Texpool 521 795.03 0.001/6 0.00 Subtotal 179,809.70 179,809.70 0.00 179,809.70 0.00 0.00 0.00 subtotal 179,809.70 0.35% 0.00 Fund 530Softball World-Operating FGIC N/A 100.0000 36,125.64 36,125.64 0.00 38,125.84 1.29% FGIC 530 36,125.54 0.07% 0.00 Texpoo N/A 100.0000 496,991.68 496,991.68 0.00 496,991.68 1.46Y. Texpool 530 496,991.68 0.97% 0.00 CD 042312 365 04/23/03 100.0000 5,000.00 5,000.00 100.00 5,100.00 2.0X1/. 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 640-Goff Course Texpoo WA 100.0000 0.00 0.00 0.00 1.4W. Texpool 540 0.00 0.00% 0.00 FGIC N/A 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 Fund 541-Golf CIP Texpoo WA 100.0000 149,641.29 149,641.29 0.00 149,041.29 1.461/6 Texpool 541 149,641.29 0.291/6 0.00 Fund 650-Parka at Texas Star Texpoo WA 100.0000 50,048.65 56,048.65 0.00 56,048.65 1.46% Texpool 550 56,048.65 0.11% 0.00 Fund 562-Phose 9 Athletic Complex FGIC WA 100.0000 53,003.87 53,003.87 0.00 53,003.87 1.29•/6 FGIC 552 53,003.87 0.10% 0.00 Texpoo WA 100.0000 69,871.03 89,871.03 69,871.03 1.46% Texpool 552 69,871.03 0.14% 0.00 FFCB 313310FN2 1023)02 540 0423104 0123/03 1010.0000 450,000.00 450,000.00 13,837.50 463,837.50 2.05% 2.050% DUNCAN 552 450,140.63 0.86% 4.74 rP FHLB 3133MSP95 10/30/02 630 07/3104 01/30/03 100.0000 500,000.00 500,000.00 22,500.00 522,500.00 2.25% 2.250% WACHOVIA 552 500,312.50 0.911% 6.15 FNMA 3130F2PM4 1029/02 720 1029104 0429/03 100.0000 500,000.0) 500,000.00 25,000.00 525,000.00 2.50)1/. 2.500% WACHOVIA 552 502,031.25 0.98% 7.02 Subtotal 1,572,874.90 1,572,874.90 61,337.50 1,634,212.40 0.00 0.00 0.00 subtotal 1,575,359.27 3.07% 17.91 Fund 601-Equipment Replacement FGIC N/A 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 1.461% Texpool 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 0.09% 0.00 Fund 610-Insurance FGIC N/A 100.0000 0.00 0.00 0.00 1.29% FGIC 610 0.00 0.01/6 0.00 Texpoo N/A 100.0000 0.00 0.00 0.00 1.46% Texpool 610 0.00 0.00N. 0.00 subtotal 0.00 0.00 0.00 0.00 subtotal 0.00 0.0)07. 0.00 Fund 6115-Risk Management FGIC N/A 100.0000 47,313.18 47,313.18 47,313.18 1.29•/6 FGIC 615 47,313.18 0.09% 0.00 Texpoo N/A 100.0000 430,301.77 430,361.77 430,301.77 1.46% Texpool 615 430,361.77 0.84% 0.00 Subtotal 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 706-DdMs Stere Escrow Reserve Texpoo N/A 100.0000 2,152,794.30 2,152,794.30 2,152,794.30 1.46% Texpool 705 2,152,794.30 4.20% 0.00 TOTAL 51,081,295A5 61,189,359.63 1,593,203.63 52,674,499.07 66,777.25 22,780.26 131,490.70 TOTAL 51,297,152.01 100.00% 360.78 IEukm 40 IO M by Fund As of March 31,2003 Investment Type Institution , LOGIC Local Gott Pool FNMA Fed.Na11 Mort Assoc. FMAC Fed.Home Loan Mort.Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Gov't Investment Coop. FDIC Money Market Pool FFCB Fed.Fenn Credit Bank CD Certftates of Deposit Vining Vlnkp Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Govt Pool FHLB Fed.Home Loan Bank BencOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncen Willhms 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 bw [fit pg(£ (In days!gift DRIP PerS1W Value (Prin.Only) aMAN Int.ft Me Rok Purchased Ink Discou Preemie Emnd yatup Portfolio WAM Fund 101-General Fund FGIC WA 100.0000 222,015.50 221,015.50 222,015.50 1.19% FGIC 101 222,015.50 0.48% 0.00 Texpoo N/A 100.0000 542,554.52 542,554.52 542,554.52 1.35% Texpool 101 542,554.52 1.16% 0.00 FHLB 3133MMGB3 03/14)02 364 04/08/03 100.0000 1,000,000.00 1,000,000.00 27,733.33 1,027,733.33 2.60% 2.6001/. Bane One 101 1,000,312.50 2.14% 8.23 FHLB 3133MRZC9 10/07102 540 04/07/04 04/07103 100.0000 500,000.00 500,000.00 16,950.00 516,950.00 2.26% 2.260% DUNCAN 101 500,000.00 1.07% 5.79 FNMA 31359MMWO 08/18/02 614 05/12104 05/12103 101.1875 500,000.00 505,937.50 37,500.00 537,500.00 2.04% 3.750% 5,625.00 Vining 5,937.50 101 501,250.00 1.101/6 6.73 FMAC 3129247X1 12/14/01 876 0520104 05/10101 99.3125 750,000.00 744,843.75 60,937.50 810,937.50 3.55/. 3.250% 1,625.00 Merrill 5,156.25 101 766,406.25 1.WV. 14.02 FHLB 3133MU5S0 12/17102 540 08/17/04 06117103 100.0000 500,000.00 500,000.00 15,000.00 515,000.00 2.00% 2.000% BANC ONE 101 500,937.50 1.07% 5.79 FMAC 312925WNG 07/15/02 720 07/15104 07116103 100.0000 400,000.00 400,000.00 26,000.00 426,000.00 3.25/. 3.250% Merrill 101 402,437.50 0.881/. 6.17 FFCB 31331OQW 02107103 542 OWW4 08009103 100.0000 1,000,000.00 1,000,000.00 26,497.78 1.025,497.78 1.70% 1.760% Wachovia 101 1,002,187.50 2.141/6 11.62 FHLB 3133MVR62 02/18103 540 06118104 011/18103 100.0000 500,000.00 500,000.00 12,150.00 512,150.00 1.62% 1.620% Wachovia 101 500,781.25 1.07% 5.79 FHLB 3133MVTV5 02/1&03 540 08/16004 08/111/03 100.0000 500,000.00 500,000.00 12,975.00 512,975.00 1.73% 1.730% Wachovia 101 501,093.75 1.07% 5.79 FHLB 3133MVR90 0220103 540 0820/04 05/20103 100.0000 500,000.00 500,000.00 12,625.00 512,825.00 1.71% 1.710% Wachovia 101 500,390.63 1.07% 5.79 FHLB 3133MTZXB 12/10/02 630 09/10/04 09/10103 100.0000 500,000.00 500,000.00 17,587.50 517,567.50 2.01% 2.010% DUNCAN 101 501,875.00 1.07% 6.75 FNMA 3136F2VW5 12/09/02 720 12109004 12/09103 100.0000 500,000.00 500,000.00 20,000.00 520,000.00 2.00% 2.000% BANC ONE 101 502,812.50 1.071/. 7.72 FFCB 31331OXE2 03/28/03 810 06!24105 09/24103 99.8750 775,000.00 774,031.25 35,921.25 810,921.25 2.06% 2.0601/. 172.22 Merrill 968.75 101 776,937.50 1AW1. 13.44 Subtotal 8,689,570.01 8,689,382.51 322,077.36 9,011,647.37 7,422.22 6,125.00 5,937.50 subtotal 8,721,991.89 18.65/. 103.64 Fund 102-General Fund-Emergency FHLB 3133MVDKO 0129/03 900 07MMS 07/19/03 100.0000 500,000.00 500,000.00 31,750.00 531,750.00 2.54% 2.5401/. Wachovle 102 502,265.63 1.07% 9.65 Fund 103-General Fund Contingency FHLB 3133MVSZ7 0227/03 810 0527/05 0527/03 100.0000 500,000.00 500,000.00 27,000.00 527,000.00 2.40% 2.400% Wachovia 103 500,937.50 1.07•/. 8.68 U7 Fund 201-Hotel/Motel FGIC WA 100.0000 150,263.80 160,263.80 160.263.80 1.19% FGIC 201 150,263.80 0.34% 0.00 Texpoo WA 100.0000 6,762.09 8,762.09 6,762.09 1.35/. Texpool 201 8,762.09 0.01% 0.00 aubM4a1 167,025.89 167,025.89 0.00 107,025.89 0.00 0.00 0.00 subtotal 167,025.89 0.362. 0.00 Fund 210-Haff Cent Operations Texpoo WA 100.0000 231,223.87 231,223.67 0.00 231,223.67 1.35/. Texpool 210 231,223.67 0.501/. 0.00 FGIC WA 100.0000 327,318.16 327,318.16 0.00 327,318.16 1.19•/6 FGIC 210 327,318.16 0.70% 0.00 FHLB 3133MS5K2 10/15/02 540 04/15/04 04/15/03 100.0000 250,000.00 250,000.00 8,437.50 258,437.50 2.25% 2.2507. BANC ONE 210 250,078.13 0.54% 2.89 Subtotal 808,541.83 808,541.83 8,437.50 816,979.33 0.00 0.00 0.00 subtotal 808,619.96 1.73% 2.89 Fund 211-Haff Cent Reserve FGIC N/A 100.0000 956,214.90 956,214.90 0.00 956,214.90 1.19% FGIC 211 956,214.90 2.05/. 0.00 Fund 220-Crkne Control and Prevention FGIC N/A 100.0000 0.00 0.00 0.00 0.00 1.19% FGIC 220 0.00 0.00% 0.00 Texpoo N/A 100.0000 440,487.51 440,487.51 0.00 440,487.51 1.35/. Texpool 220 440,487.51 0.94% 0.00 Subtotal 440,487.51 440,487.51 0.00 440,487.51 0.00 0.00 0.00 subtotal 440,487.51 0.94% 0.00 Fund 230-Police DEA(Federsq FGIC WA 100.0000 131,413.69 131,413.69 131,413.69 1.19% FGIC 230 131,413.69 0.28% 0.00 Texpoo WA 100.0000 67,897.20 67,897.20 0.00 67,897.20 1.35/. Texpool 230 67,897.20 0.15% 0.00 Subtotal 199,310.90 199,310.90 0.00 199,310.90 0.00 0.00 0.00 subtotal 199,310.90 0.43% 0.00 Fund 231-Pollee DEA(State) FGIC WA 100.0000 10,800.07 10,808.07 10,808.07 1.19% FGIC 231 10,808.07 0.021/6 0.00 Subtotal 10,808.07 10,808.07 0.00 10,808.07 0.00 0.00 0.00 subtotal 10,008.07 0.02% 0.00 Fund 232-FTW DEA Task Force Texpoo N/A 100.0000 6,592.59 0.592.59 0.00 6,592.59 1.36% Texpool 232 6,592.59 0.01% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 1.0','/. FGIC 232 0.00 0.00% 0.00 Subtotal 6,592.59 6,592.59 0.00 6,592.59 0.00 0.00 0.00 subtotal 6,592.59 0.01% 0.00 Fund 235 LLEBG 02 FGIC WA 100.0000 20,672.88 20,672.88 20,672.88 1.19% FGIC 234 20,672.88 0.04% 0.00 Texpoo N/A 100.0000 6,035.02 6,035.02 0.00 6,035.02 1.35/. Texpool 234 6,035.02 0.01% 0.00 Subtotal 26,707.90 26,707.90 0.00 26,707.90 subtotal 26,707.90 0.06% 0.00 10 Eubes Irne� nt by Fund As of March 31,2003 Investment Type Instffutlon LOGIC Local Govt Pool FNMA Fed.Natl Mort Assoc. FMAC Fed.Horne Loan Mort Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local GOJt Investment Coop. FGIC Money Market Pool FFCB Fed.Farre Credit Bank CD Certftates of Deposit Vining MnIng Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gott Pool FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cuslp Purchase Term Maturity Call Price Per Book Value Interest Tafel Pr1n.+ Yield To Coupon Interest Seller Lm f�L QM4 (in days lLlIIi4 D9.L! PerS100 Value (Prin.Only) y k,91Mafv seount D 8ft Purchased Inst. I Market %of Premium F.sied Value Ps>iC211s 11064/ Fund 240-Car Rental Fund FGIC WA 100.0000 155,781.71 155,781.71 155,781.71 1.19% FGIC 240 155,781.71 0.33% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 1.35% Texpool 240 0.00 0.00% 0.00 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% 5,636.67 Merrill 11,403.13 240 897,370.31 1.94% 9.39 FHLB 3133M70N7 0828/02 508 0126/04 104.5740 750,000.00 784,305.00 61,987.50 811,987.50 2.201/6 5.5101/6 3,673.33 Merrill 34,305.00 240 776,250.00 1.89% 8.58 FMAC 3129247X1 1226/01 862 0520/04 0620102 98.7813 500,000.00 493,906.25 40,625.00 540,625.00 3.79% 3.250% 1,715.28 Merrill 6,093.75 240 510,937.50 1.06% 9.16 FMAC 312925WNG 07/15102 720 07/15104 07/15/03 100.0000 207,000.00 207,060.00 13,455.00 220,455.00 3.25% 3.250% Merrill 240 208,261.41 0.44% 3.20 FNMA 3136FIJea 05/4/102 900 1122!04 0522/03 100.0000 450,000.00 450,000.00 44,437.50 494,437.50 3.95% 3.950% Merrill 240 451,757.61 0.96% 8.68 FHLB 3133MTVZ8 12/13/02 720 12/13104 06/13/03 99.9688 500,000.00 499,843.75 22,600.00 522,600.00 2.28% 2.200% MNING 240 501,093.75 1.07% 7.72 FHLB 3133MGZL3 0820102 1448 0626/06 0828/03 102.8438 400,000.00 411,375.00 97,200.00 497,200.00 2.561/6 5.4007• 10,320.00 Vining 11,375.00 240 406,875.00 0.907. 13.09 Subtotal 3,852,781.71 3,903,614.84 333,705.00 4,186,486.71 21,345.28 6,093.75 57,083.13 subtotal 3,908,327.50 6.41% 59.82 Fund 301-Developers Escrow FGIC N/A 100.0000 59,475.06 59,475.06 59,475.00 1.19% FGIC 301 59,475.06 0.13% 0.00 Texpoo WA 100.0000 815,481.37 815,481.37 815,481.37 1.35% Texpool 301 815,481.37 1.757• 0.00 FHLB 3133MS5K2 10/15102 540 04/15/04 04/15/03 100.0000 250,000.00 250,000.00 8,437.50 258,437.50 2.25% 2.250% BANC ONE 301 250,078.13 0.54% 2.69 Subtotal 1,124,956.43 1,124,956.43 8,437.50 1,133,393.93 0.00 0.00 0.00 subtotal 1,125,034.56 2.41% 2.89 Fund 305-Streets CIP FGIC N/A 100.0000 6,839,895.34 6,839,895.34 0.00 6,839,895.34 1.19% FGIC 305 6,839,1195.34 14.66% 0.00 Texpoo WA 100.0000 430,466.95 430,466.95 0.00 430,468.95 1.35% TEXPOOL 305 430,468.95 0.92% 0.00 FHLMC 3128XOGS2 11/13/02 900 05/13105 05/13/03 100.0000 585,000.00 585,000.00 36,390.63 623,390.63 2.63% 2.625% Merrill 305 586,005.47 1.25% 11.29 tz Subtotal 7,855,364.29 7,855,364.29 38,390.63 7,893,754.91 0.00 0.00 0.00 subtotal 7,856,369.711 16.84% 11.29 01, Fund 310-Haff CentCIP FGIC WA 100.0000 75,276.46 75,270.48 0.00 75,276.48 1.197. FGIC 310 75,276.48 0.16% 0.00 Texpoo WA 100.0000 303,571.05 303,571.05 303,571.05 1.35% Texpool 310 303,571.05 0.05% 0.00 Subtotal 378,847.53 378,847.53 0.00 378,847.53 0.00 0.00 0.00 subtotal 378,847.53 0.81% 0.00 Fund 320-G.O.CIP-Firs Station Texpoo WA 100.0000 24,451.88 24,451.88 24.451.88 1.35% Texpool 320 24,451.811 0.05% 0.00 Subtotal 24,451.88 24,451.88 24,451.88 0.00 0.00 0.00 subtotal 24,451.88 0.05% 0.00 Fund 326-Pollee Facility CIP FGIC WA 100.0000 26,991.37 26,991.37 0.00 26,991.37 1.19% FGIC 325 26,991.37 0.06% 0.00 Texpoo WA 100.0000 0.00 0.00 0.00 1.35% Texpool 325 0.00 0.00'/6 0.00 Subtotal 28,991.37 26,991.37 0.00 26,991.37 0.00 0.00 0.00 subtotal 26,991.37 0.06% 0.00 Fund 330-Car Rental CIP FGIC WA 100.0000 7,000.21 7,000.21 7,000.21 1.19% FGIC 330 7,000.21 0.021/6 0.00 Texpoo WA 100.0000 1,362,259.66 1,362,259.66 1,362,259.66 1.35% Texpool 330 1,362,259.66 2.92% 0.00 Subtotal 1,369,259.87 1,369,259.87 0.00 1,369,259.67 0.00 0.00 0.00 subtotal 1,369,259.87 2.94% 0.00 Fund 401-Debt Service Texpoo N/A 100.0000 905,597.08 905,597.08 905,597.08 1.35% Texpool 401 905,597.08 1.94% 0.00 FGIC N/A 100.0000 253,356.74 253,356.74 253,356.74 1.19% FGIC 401 253,356.74 0.54% 0.00 Subtotal 1,158,953.82 1,158,953.82 0.00 1,158,953.82 0.00 0.00 0.00 subtotal 1,158,953.82 2.48% 0.00 Fund 402-Star Center Debt Service Texpoo N/A 100.0000 195,406.88 195,406.88 195,405.88 1.35% Texpool 402 195,406.88 0.42% 0.00 Subtotal 195,406.68 195,406.88 0.00 195,408.88 0.00 0.00 0.00 subtotal 195,406.88 0.42% 0.00 Fund 601-Water and Sewer LOGIC WA 100.0000 58.12 58.12 58.12 1.26% LOGIC 501 56.12 0.00% 0.00 FGIC N/A 100.0000 51,080.51 51,080.51 51,080.51 1.19•/6 FGIC 501 51,080.51 0.11% 0.00 Texpoo N/A 100.0000 2,082,110.37 2,082,110.37 2,082,110.37 1.35% TEXPOOL 501 2,082,110.37 4.46% 0.00 FHLB 3133MJXD7 04/17/02 587 12/04/03 98.9640 900,000.00 890,676.00 49,500.00 949,500.00 3.41% 2.750% 9,143.75 Banc One 9,324.00 501 908,437.50 1.93% 11.32 FHLB 3133WJV9 10/17102 472 02/09/04 103.9510 50,000.00 51,975.50 3,918.75 53,918.75 2.15% 5.225% 493.47 MERRILL 1,975.50 501 51,703.13 0.11% 0.53 FNMA 313aF2VM7 12/06102 720 121088)4 06/06103 100.0000 500,000.00 500,000.00 24,500.00 524,500.00 2.451/6 2.450% MERRILL 501 501,250.00 1.07% 7.72 FHLB 3133MDAT0 10/15102 840 02!15805 107.0000 500,000.00 535,000.00 67,167.50 587,187.50 2.28% 5.375% 4,479.17 MERRILL 35,000.00 501 534,687.50 1.16% 9.72 Subtotal 4,083,249.00 4,110,900.50 145,108.25 4,228,355.25 14,116.39 9,324.00 36,975.50 subtotal 4,129,327.12 8.84% 29.29 Fund 502-W&S CIP fEuless Imet by Fund As of March 31,2003 Investment Type Institution LOGIC Local Govt Pool FNMA Fed.Nafl Mort Assoc. FMAC Fed.Home Loan Mort Corp 1ST Union First Union Securities FSW First Southwest LOGIC Local Gov't Irvestmerd Coop. FGIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certificates of Deposit Vining Vining Sparks Merrill Merrill Lynch FGIC Financial Investors Trust Texpoo Local Gov't Pool FHLB Fed.Home Loan Bank BancOne Banc One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncen Wllllems LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Term Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of L= Numbs Dst4 (in days)QM2 Dall Per5100 Value (Prin.Only) 91 Mgry Int.a Mefv Maturity Bgfq Purchased Imo, Discou Premium Eun4 Value Ps>s[911s IyBM FGIC WA 100.0000 198,108.97 198,108.97 198,108.97 1.19% FGIC 502 198,108.97 0.42% 0.00 Texpoo N/A 100.0000 1,644,278.57 1,644,278.57 1,544,278.57 1.35% Texpool 502 1,644,278.57 3.53% 0.00 FNMA 31359MKT9 0827/01 708 08/15103 We 99.9020 500,000.00 499,510.00 39,333.33 539,333.33 4.05% 4.000% 0.00 Merrill 502 504,140.63 1.07% 7.58 FHLB 3133MJVZ0 08/12102 512 11/14103 99.6250 500,000.00 498,125.00 18,750.00 518,750.00 2.77% 2.500% 937.50 Vining 1,875.00 502 503,359.38 1.0r/. 5.48 FHLB 3133MPDA1 0624/02 1080 0824/05 0624103 100.0000 550,000.00 550,000.00 49,500.00 599,500.00 3.00% 3.000% tat Union 502 551,976.56 1.16% 12.74 Subtotal 3,392,387.54 3,390,022.54 107,583.33 3,499,970.87 937.50 1,875.00 0.00 subtotal 3,401,864.10 7.27% 25.80 Fund 505-Water Impact Fees Texpoo WA 100.0000 1,098,958.51 1,096,958.51 0.00 1,098,958.51 1.35% Texpool 505 1,098,958.51 2.36% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 1.19•/6 FGIC 505 0.00 0.001/6 0.00 FHLB 3133MTF29 11/19102 990 08/19/05 06/19/03 100.0000 500,000.00 500,000.00 41,250.00 541,250.00 3.00% 3.000% Wachovia 505 501,250.00 1.07•/. 10.61 Subtotal 1,598,958.51 1,598,958.51 41,250.00 1,640,208.51 0.00 0.00 0.00 subtotal 1,600,208.51 3.43% 10.61 Fund 607-W&S Emergency FHLB 3133MTRX8 1122/02 990 0822105 0522103 100.0000 500,000.00 500,000.00 27,500.00 527,500.00 2.001/6 2.000% Wachovia 507 500,625.00 1.07% 10.61 Subtotal 500,000.00 500,000.00 27,500.00 527,500.00 subtotal 500,625.00 1.07•/. 10.61 Fund 50111-Wastewater Impact Fees FGIC WA 100.0000 106,692.92 166,892.92 166,692.92 1.191/6 FGIC 508 166,692.92 0.30% 0.00 Texpoo WA 100.0000 319,727.88 319,727.88 319,727.88 1.35% Texpool 508 319,727.88 0.89% 0.00 FHLB 3133MSPM6 1028/02 720 10/28M4 0428103 100.0000 500,000.00 500,000.00 23,750.00 523,750.00 2.38% 2.375% BANC ONE 508 500,390.63 1.07% 7.72 Subtotal 986,420.80 986,420.80 23,750.00 1,010,170.80 0.00 0.00 0.00 subtotal 986,811.42 2.11% 7.72 Fund 510-Drainage td FGIC WA 100.0000 151,520.81 151,520.81 151,520.61 1.191/6 FGIC 510 151,520.81 0.32% 0.00 •J Texpoo N/A 100.0000 474,461.05 474,461.05 474,461.05 1.35/. Texpool 510 474,461.05 1.021/. 0.00 Subtotal 825,981.86 625,981.86 0.00 625,981.86 0.00 0.00 0.00 subtotal 625,981.86 1.34% 0.00 Fund 511-Drat age CIP FGIC WA 100.0000 331,681.83 331,681.83 0.00 331,881.83 1.19% FGIC 511 331,681.83 0.71% 0.00 Texpoo WA 100.0000 788,304.37 788,304.37 788,304.37 1.35% Texpool 511 788,304.37 1.69% 0.00 Subtotal 1,119,986.20 1,119,986.20 0.00 1,119,986.20 0.00 0.00 0.00 subtotal 1,119,986.20 2.40% 0.00 Fund 612-Drainage Reserve Texpoo WA 100.0000 231,119.00 231,119.00 0.00 231,119.00 1.35% Texpool 512 231,119.00 0.50% 0.00 Fund 620-Recreation Classes FGIC WA 100.0000 136,711.58 136,711.58 0.00 136,,.11.58 1.19% FGIC 520 138,711.58 0.291/6 0.00 Texpoo N/A 100.0000 21,739.32 21,739.32 21,739.32 1.35/. Texpool 520 21,739.32 0.05% 0.00 Subtotal 158,450.90 158,450.90 0.00 158,450.90 0.00 0.00 0.00 subtotal 158,450.90 0.34% 0.00 Fund 621-Arbor Daze FGIC WA 100.0000 179,522.45 179,522.45 0.00 179,522.45 1.19% FGIC 521 179,522.45 0.38% 0.00 Texpoo N/A 100.0000 70,911.15 70,911.15 0.00 70,911.15 1.35/. Texpool 521 70,911.15 0.15% 0.00 Subtotal 250,433.60 250,433.60 0.00 250,433.60 0.00 0.00 0.00 subtotal 250,433.60 0.54% 0.00 Fund 530-Softball World-Opersting FGIC N/A 100.0000 30,228.11 36,228.11 0.00 36,228.11 1.19% FGIC 530 36,228.11 X1.08% 0.00 Texpoo WA 100.0000 403,546.70 403,546.70 0.00 403,546.70 1.35/. Texpool 530 403,546.70 0.ar/ 0.00 CD 0423/02 365 0423/03 100.0000 5,000.00 5,000.00 100.00 5,100.00 2.00% 2.000% Landmark 530 5,000.00 0.01% 0.04 Subtotal 444,774.82 444,774.82 100.00 444,874.82 0.00 0.00 0.00 subtotal 444,774.82 0.95% 0.04 Fund 540-Golf Course - Texpoo WA 100.0000 0.00 0.00 0.00 1.35/. Texpool 540 0.00 0.00% 0.00 FGIC WA 0000 0.00 0.00 0.00 1.19% FGIC 540 0.00 0.00% 0.00 Subtotal f 0.00 0.00 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00•/. 0.00 Fund 641-GoN CIP Texpoo N/A '100.0000 150,202.70 150,202.70 0.00 150,202.70 1.35/. Texpool 541 150,202.70 0.32•% 0.00 Fund 550-Perla at Texas Star Texpoo N/A 100.0000 51,240.17 51,240.17 0.00 51,240.17 1.35% Texpool 550 51,240.17 0.11% 0.00 ft 45 Euless nt by Fund As of March 31,2003 Investment Type Institution LOGIC Local Gott Pool FNMA Fed.Nati Mort Assoo. FMAC Fed.Home Loan Mort Corp 1ST Union Fist Union Securities FSW First Southwest LOGIC Local Govt Irmestrnent Coop. FGIC Money Market Pool FFCB Fed.Farm Credit Bank CD Certificates of Deposit Viniq Vining Sparks Merrill Merrill Lynch FGIC Financial Investor:Trust Texpoo Local Gov't Pool FHLB Fed.Home Loan Bank BencOne Bane One Capital Everen Everen Securities Texpool TEXPOOL Duncan Duncan Williams LNDMRK Landmark Bank Cost Accrued Inv. Cusip Purchase Term Maturity Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of Lm Num Qft (M devsl DO Rat% Per$100 Value (Prin.Only) a ma(y Int®Mari Mgt $gt!2 Purchased Lrat Dbcount Premium E5104 Value portfojlQ �y�J Fund 552-Phase II Athletic Complex FGIC WA 100.0000 53,154.22 53,154.22 0.00 53,154.22 1.19% FGIC 552 53,154.22 0.11% 0.00 Texpoo WA 100.0000 973,509.71 973,509.71 973,509.71 1.351/6 Texpool 552 973,509.71 2.09% 0.00 FNMA 3136F2PM4 10/19/02 720 10/29104 04/19/03 100.0000 500,000.00 500,000.00 25,000.00 525,000.00 2.501/. 2.500% WACHOVIA 552 500,390.63 1.07% 7.72 Subtotal 1,526,663.93 1,526,663.93 25,000.00 1,551,663.93 0.00 0.00 0.00 subtotal 1,527,054.55 3.27% 7.72 Fund 601-Equipment Replacement FGIC WA 100.0000 92,509.62 92,569.62 92,569.62 1.19% FGIC 601 92,569.62 0.20% 0.00 Texpoo WA 100.0000 413,648.21 413,646.21 413,648.21 1.351/6 Texpool 601 413,648.21 0.89% 0.00 Subtotal 506,217.83 506,217.83 0.00 506,217.83 0.00 0.00 0.00 Subtotal 506,217.83 1.091/6 0.00 Fund 610-Insurance FGIC N/A 100.0000 0.00 0.00 0.00 1.19% FGIC 610 0.00 0.00% 0.00 Texpoo N/A 100.0000 0.00 0.00 0.00 1.35% Texpool 610 0.00 0.00•/. 0.00 subtotal 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Fund 615-Risk Management FGIC WA 100.0000 47,447.38 47,447.38 47,447.38 1.19•/. FGIC 615 47,447.38 0.10% 0.00 Texpoo WA 100.0000 396,866.41 396,868.41 396,866.41 1.35% Texpool 615 306,866.41 0.85% 0.00 Subtotal 444,313.79 444,313.79 0.00 444,313.79 0.00 0.00 0.00 subtotal 444,313.79 0.95% 0.00 Fund 705-Dallas Stant Escrow Reserve Texpoo WA 100.0000 2,159,998.31 2,159,998.31 2,159,998.31 1.35% Texpool 705 2,159,998.31 4.631/6 0.00 M W TOTAL 46,522,672.32 46,598,604A5 1,140,087.57 47,662,759.89 43,821.39 0.00 23,417.75 99,996.13 TOTAL 46,673,215.76 100.00% 290.66 46 City Schedule hsas For January 2003 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed.Nafl Mort.Assoc. FHLB Fed.Home Loan Bank FDIC Financial Investors Trst FSW First Southwest LNDMRK Landmark Bank FDIC 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 CD Certftste of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Secuntles Cost Accrued Total P+I(� Inv. Cusip Purchase Term Maturity Call Price Per Book Vskw Interest Total Yield To Coupon Interest Seller Maty Net of Total Cost Tym mom[ QaW (indevsl PAA Zeit Pers100 Value (PrIn.Only amat'v. Prin+Int Maturity 0012 Purchm 1pi, Discount Premium Fund Prom.12isc3lntPi ofImmatment Texpool 01/02/03 100.0000 1.000,000.00 1,000,000.00 0.00 1,000,000.00 1.43% Texpool various 1,000,000.00 1,000,000.00 Texpool 01/03(03 100.0000 581,542.71 581,542.71 0.00 581,542.71 1.42% Texpool various 581,542.71 581,542.71 Texpool 01/07/03 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.361/6 Texpool various 1,000,000.00 1,000,000.00 Texpool 01/10/03 100.0000 2,800,000.00 2,800,000.00 0.00 2,800,000.00 1.38% Texpool various 2,800,000.00 2,800,000.00 Texpool 0123/03 100.0000 750,000.00 750,000.00 0.00 750,000.00 1.401/6 Texpool various 750,000.00 750,000.00 Texpool 0124/03 100.0000 700,000.00 700,000.00 0.00 700,000.00 1.36% Texpool various 700,000.00 700,000.00 FHLB 3133MVDKS 0120/03 900 0729/05 07/29/03 100.0000 500,000.00 500,000.00 31,750.00 531,750.00 2.54% 2.540°/6 Wachovia 240 531,750.00 500,000.00 TOTALS: 7,331,542.71 7,331,542.71 31,750.00 7,363,292.71 1.55% 0.00 0.00 0.00 7,363,292.71 7,331,542.71 LOGIC DIVIDENDS REINVESTED 0.06 0.06 TEXPOOL DIVIDENDS REINVESTED 22,618.23 22,618.23 FDIC DIVIDENDS REINVESTED 11,165.98 11,165.98 C2 F-r SehWul hases For February 2003 Inwstmsnt Type Institution LOGIC Local Govt Pool FNMA Fed.Not'I Mort.Assoc. FHLB Fed.Home Loan Bank FDIC Fin macial Investors Test FSW First Southwest LNDMRK Landmark Bank FDIC Money Market Pod 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 CD Certificate of Deposit BANCONE Bane One Capital Everen Everen Securities Chase Chase Securities Coal Accrued Total P+I IM Irv. Cuslp Purchase Term Maturity Call Price Par Book Value Interest Total Yield To Coupon Interest Seller Mst'y Net of Total Coat I= Numbe p0 (in days) p94 Date per$1QQ Value (Prin..0* db mat'v Prin+IM Ma[yft ggft Purchased Wat Discount Premium Fund Prem.Dhc 3 Int Pi of Investment Texpool 02105/03 100.0000 831,542.71 831,642.71 0.00 831,542.71 1.36% Texpool various 831,542.71 831,642.71 FFCB 31331OOM2 02/07/03 642 08/09/04 08/09/03 100.0000 1,000,000.00 1,000,000.00 26,497.78 1,026,497.78 1.761/6 1.7601/6 Wachovia 101 1,026,497.78 1,000,000.00 Texpool 02/10/03 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 1.34% Texpool various 1,000,000.00 1,000,000.00 Texpool 02/14/03 100.0000 600,000.00 600,000.00 0.00 600,000.00 1.33% Texpool various 600,000.00 600,000.00 FHLB 3133MVR62 02/18/03 540 08/18/04 08/18/03 100.0000 500,000.00 600,000.00 12,150.00 612,150.00 1.62% 1.620% Wachovia 101 512,150.00 600,000.00 FHLB 3133MVTV5 02/18/03 540 08/18/04 08/18/03 100.0000 600,000.00 500,000.00 12,975.00 512,975.00 1.736/6 1.730% Wachovis 101 512.975.00 600,000.00 FHLB 3133MVROO 0220/03 640 08/20/04 0620/03 100.0000 600.000.00 600,000.00 12,825.00 612,826.00 1.71% 1.710% Wachovia 101 512,825.00 500,000.00 FHLB 3133MVSZ7 0227/03 810 0627/06 05/27/03 100.0000 500.000.00 600,000.00 27,000.00 527,000.00 2.401% 2.4001/6 Wachovia 101 527,000.00 600,000.00 Texpool 0228/03 100.0000 400,000.00 400,000.00 0.00 400,000.00 1.391/6 Texpool various 400,000.00 400,000.00 TOTALS: 6,831,542.71 6,831,642.71 91,447.78 5,922,990.49 1.631/6 0.00 0.00 0.00 5,922,990.49 6,831,642.71 LOGIC DIVIDENDS REINVESTED 0.06 0.06 TEXPOOLDIVIDENDS REINVESTED 22,116.69 22,116.69 FDIC DIVIDENDS REINVESTED 9,533.25 9,533.26 n N city - Schedule ' Sehadub For March 2003 Inv*stmant Typo Institution LOGIC Local Govt Pool FNMA Fed.Nat'l Mort.Assoc. FHLB Fed.Home Loan Bank FDIC Financial Investors Tart FSW First Southwest LNDMRK Landmark Bank FDIC Money Market Pool FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. Vining Vining Sparks Merrill Merrill Lynch LOGIC Local Gott 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 Q Inv. Cusip Purchase Term Maturity Call Price Par Book Value Interest Total Yield To Coupon Interest Seller Maty Net of Total Cost TyR4 Mosher gift (in days) pC2 p119 Per$100 Value (Prin.Only 9D Macy Prin+Inl Pict Purchased Ina, Discount Premium Emid Prem,Disc 6 Int Pof Texpool 03/06/03 100.0000 781,542.71 781,542.71 0.00 781,542.71 1.34% Texpool various 781,642.71 781,642.71 Texpool 03/10/03 100.0000 500.000.00 600,000.00 0.00 500,000.00 1.31% Texpool various 500,000.00 600,000.00 Texpool 03/13/03 100.0000 1,800,000.00 1,800,000.00 0.00 1,800,000.00 1.346/6 Texpool various 1,800,000.00 1,800,000.00 FFCB 31331OXE2 0328/03 810 06/24/05 09/24/03 99.8750 776,000.00 774,031.25 36,921.25 810,921.26 2.05% 2.060% 172.22 Merrill 968.75 101 810,749.03 774,203.47 TOTALS: 3,856,542.71 3,855,573.96 35,921.25 3,892,463.96 1.61% 172.22 968.75 0.00 3,892,291.74 3,855,746.18 LOGIC DIVIDENDS REINVESTED 0.06 0.06 TEXPOOL DIVIDENDS REINVESTED 25,447.78 26,447.76 FDIC DIVIDENDS REINVESTED 9,622.93 9,622.93 0 W N Allllllllh CityI. + Sehedub 001 . les For January 2003 i Investment Typo Institution LOGIC Local Goat Pool FNMA Fed.NaCl Mort Assoc. FHLB Fed.Home Loan Bank FGIC Flnensciel Investors Trst FSW First Southwest LNDMRK Landmark Bank FGIC Money Market Pool FFCB Fed.Farm 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 Bene One Capital Everen Everen Securities Chase Chase Securities Term to Cost Accrued Total P+I Irro. Cusip Purchase Mety/Cell Maturity Cell Price Par Book Value Interest Total Prin.+ 'Yield To Coupon Interest Seller Mafy or call Net of Total Cost IY94 Nurnb9L Vft (in days) P9f2 P920 Per$100 Value (Prin.Only) 42 matV/Cell Int.®MatV matuft, 8gf4 Purchased 1t12f, Discou Premium Fund Prem 31nt Pur. FHLB 3133MS6L9 10/18/02 362 10/02/03 01/02103 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 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 FNMA 3136FIELO 01/08/02 720 01/09/04 01/09/03 100.0000 1,000,000.00 1,000,000.00 55,000.00 1,055,000.00 2.75% 2.750% 1st Union 501 1,055,000.00 1,000,000.00 FNMA 3135660A2 07/11/01 539 01/10/03 n/c 103.7188 325,000.00 337,085.94 33,150.00 358,150.00 4.21% 6.800% 61.39 Merrill 12,085.94 510 346,002.67 337,147.33 Texpool 01/15/03 100.0000 300,000.00 300,000.00 0.00 300,000.00 1.41% Texpool various 300,000.00 300,000.00 FHLB 3133MPKW5 07/1=2 720 07/16/04 01/16/03 100.0000 500,000.00 500,000.00 32,500.00 532,500.00 3.25% 3.250% 1st Union 240 532,500.00 500,000,00 FFCB 31331GFN2 10/23/02 540 0423/04 0123103 100.0000 500,000.00 500,000.00 15,375.00 515,375.00 2.05% 2.0501/6 DUNCAN 502,552 515,375.00 500,000.00 FHLB 3133MFZ92 0620/02 874 0124105 0124103 101.3500 500,000.00 506,750.00 65,250.00 565,250.00 2.03% 5.220% 1,885.00 Banc One 6,750.00 101 5511,615.00 508,635.00 Texpool 0126/03 100.0000 500,000.00 500,000.00 0.00 500,000.00 1.41% Texpool various 500,000.00 500,000.00 FHLMC 312t1XOCR8 10/30/02 540 04/30114 01/30103 100.0000 500,000.00 500,000.00 15,450.00 515,450.00 2.06% 2.060% DUNCAN 305 515,450.00 500,000.00 FHLB 3133MSP95 10/30/02 630 07/30104 01/30103 100.0000 500,000.00 500,000.00 22,500.00 522,500.00 2.25% 2.250% WACHOVIA 552 522,500.00 500,000,00 Texpool 01/31/03 100.0000 550,000.00 550,000.00 0.00 550,000.00 1.42% Texpool various 550,000.00 550,000.00 TOTAL 0,175,000.00 6,193,679.69 267,037.50 6,442,037.50 2.27% 2,390.83 156.25 18,835.94 8,420,810.73 6,196,070.52 d I--r O r of t 0 ctul Sehedub o0.1lie s For February 2003 kwestinerlt Type Institution LOGIC Local Govt Pool FNMA Fed.Net[Mort Assoc. FHLB Fed.Home Loan Bank FGIC Financial Investors Tre FSW First Southwest LNDMRK Landmark Bank FGIC 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 CD Certificate of Deposit BANCONE Banc One Capital Everan Everen Securities Chase Chase Securities Term to Cost Accrued Total P+I!� Inv. Cuslp Purchase Mefy/Cell Maturity Can Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Maty or call Net of Total Cost IY94 Num Dat (In days) Oak Daft Per 5100 Value (Prin.Only) 0 matlr/Ca0 Int d2 Mat'v Majus Mo Purchased lmgt Discount Premium Fund Prem 61nt Pur. of � FNMA 3136F2PZ5 11)07102 1080 11/07105 02107103 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 FHLB 3133MSX88 11/13/02 630 08/13/04 02/13103 100.0000 500,000.00 500,000.00 20,300.00 520,300.00 2.32% 2.320% Duncan 101 520,300.00 500,000.00 FNMA 31359MHA4 11/01/02 103 02/14103 100.9545 100.000.00 100,954.50 2,500.00 102,500.00 1.63% 5.000% 1,055.56 Banc One 954.50 101 100,489.94 102,010.05 Texpool 02/18103 100.0000 1.000,000.00 1.000,000.00 0.00 1,000,000.00 1.41% Texpool various 1,000.000.00 1,000.000.00 Texpool 0220/03 100.0000 500,000.00 500,000.00 0.00 500,000.00 1.34% Texpool various 500,000.00 500,000.00 FHLB 3133MTNJ3 1125/02 630 0025/04 0225103 100.0000 500,000.00 500,000.00 18,375.00 518,375.00 2.10% 2.100% DUNCAN 101 518,375.00 500,000.00 FHLB 3133MTGR3 1121402 1260 0526106 02!26103 100.0000 380,000.00 380,000.00 44,289.00 424,289.00 3.33% 3.330% Wachovia 330 424,289.00 380,000.00 FHLB 3133MQRPI 0828/02 1260 0228/06 0228/03 99.9500 350,000.00 349,825.00 42,936.25 392,936.25 3.52% 3.505% FSW 175.00 240 392,935.25 349,825.00 FHLB 3133MLS97 0228102 380 0226/03 n/e 100.0000 500,000.00 500,000.00 11,250.00 511,250.00 2.25% 2.250% Banc One 101 511,250.00 500,000.00 TOTAL 4,330,000.00 4,330,779.50 189,150.25 4,519,150.25 2.3". 1,055.56 175.00 954.50 4,517,140.19 4,331,835.06 d N • �r Cny • SehC1,I of turaies For Manch 2003 kwssenaSTyps institution LOGIC Lail Go-t Pool FNMA Fed.Nefl Mort Assoc. FHLB Fed.Home Loan Bank FGIC Finanaoial Investors Teat FSW First Southwest LNDMRK Landmark Bank FGtC Mazy Market Pont FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort Corp. Vinlnp Vining;Sparks Merrill Merrill Lynch LOGIC Local Govt Investment Cooperative $LMA Student Loan Mort.Assoc. TNOTE Treasury Note CD Certificate of Deposit BANCONE Banc One Capital Everen Everen Securities Chase Chase Securities Tenn to Cost Accrued Total P+1 Q Inv. Cusip Purchase Msfy/Can Maturity Can Price Per Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Mefy or call Net of Total Cost IM Numbs QW (in days) QO DWI! Per$100 Value (P n.Ontvl al,.mafv Cell Int,a Maty Matu(t $g14 Purchased Wit DLncount Premium Ei pd Prem&Int Pur, O FFCB 3133/OKK2 12/09/02 540 06)03/04 03103103 100.0000 500,000.00 500,000.00 14,925.00 514,925.00 1.99% 1.990% VINING 103 514,925.00 W0,000.00 FHLB 3133MTTB4 12/40102 630 09/10/04 03/10103 100.0000 500,000.00 500,000.00 17,500.00 517,500.00 Z00% 2.000% DUNCAN 501 517,5W.00 $00,000.00 FNMA 31354AXY3 00114101 627 03111/03 ntc 102.6702 97,000.00 99,590.13 12,787.83 109,787.83 4.39% 6.0007. 2,651.33 FSW 2,590.13 301 104,546.37 102,241.46 FHLB 3133MU3B9 12113)02 630 09113104 03113103 100.0000 500.000.00 500,000.00 18,375.00 518,375.00 2.09% 2.100'/. WACHOVIA 240 518,375.00 $00,000.00 FHLB 3133ML1389 12113x02 630 09113104 03113103 100.0000 500,000.00 5W,000.00 18,375.00 518,375.00 2.10% 2.100% FSW 240 518,375.00 500,000.00 FNMA 3136F1OF0 10130)02 673 09/13/04 03113103 100.8570 200,000.00 201,314.00 14,800.00 214,800.00 3.33% 3.700% 966.11 BANC ONE 1,314.00 541 212,519.89 202,280.11 FNMA 31359MM 12/13)02 720 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 102 525,000.00 500,000.00 Texpool 03119/03 100.0000 406,756.27 406,756.27 0.00 408,756.27 1.30% Texpool various 406,756.27 406.756.27 Texpool 03/28/03 100.0000 7,500,000.00 7,500,000.00 0.00 7,500,000.00 1.35% Texpool various 7,500,000.00 7,500,000.00 FHLB 31331RSL0 08/07)01 591 032803 n/c 102.0000 300,000.00 307,800.00 34,284.50 334,284.50 4.07% 5.730% 6,064.25 Merrill 7,800.00 240 320,420.25 313,864.25 Texpool 03131/03 100.0000 170,000.00 170,000.00 0.00 170,000.00 1.38% Texpool various 170,000.00 170,000.00 TOTAL 11,173,758.27 11,185,400.40 156,047.33 11,329,803.60 241% 9,681.69 0.00 11,704.13 11,308,417.78 11,195.142.09 d W S Investment Maturates By Fund + As of March 31,2003 F-d;4 E= LOGIC TEXT Apr_-03 Aup-03 Os1313 Nm-03 n_-93 Jm-04 EeG-04 Am--04 MaX-04 Jua-04 Jud-04 Aug-04 So9-04 OGl404 Nm-04 C-04 Es"5 M.Y--05 Jun-05 Ju1-05 A-05 Aug:O 10181 101 f ,015.50 0.00 542,554.52 1,000,000,00 500,000.00 1,258,031.25 500,000.00 400,000.00 2,500,000.00 500.000.00 500,000.00 774,203.47 8,696,804.73 102 0.00 0.00 0.00 103 0.00 0.00 0.00 500,000.00 500.000.00 500.00o.00 500.000.00 201 160,263.80 0.00 6,762.09 210 327,318.16 0.00 231,223.67 250,000.00 167,025.89 211 956,214.90 0.00 0.00 808.541.83 220 0.00 0.00 440,487.51 956,214.90 230 131,413.69 0.00 67,897.20 440,487.51 231 10,808.07 0.00 0.00 199,310.90 232 0.00 0.00 6,592.59 10,808.07 235 20,672.88 0.00 6,035.02 6,592.59 240 155,781.71 0.00 0.00 907,039.80 787,978.33 495,621.53 207,000.00 450,000.00 499,843.75 26.707.90 301 59,475.06 0.00 815,481.37 250,000.00 421,695.00 3.924,960.12 305 6,839,895.34 0.00 430,468.95 1.124.M.43 310 75,278.46 0.00 303,571.05 585,000.00 7,855,364.29 320 0.00 0.00 24,451.88 378,847.53 325 1.37 0.00 0.00 24,451.88 330 7,000.21 0.00 1,382,259.66 26,991.37 401 253,356.74 0.00 905,597.08 1,369.259.87 402 0.00 0.00 195,406.88 1,158,953.82 410 0.00 0.00 0.00 195,406,88 501 51,080.51 58.12 2,082,110.37 899,819.75 52,466.97 0.00539,479.17 500,000.00 4,125,016.89 502 19!4,108.97 0.00 1,644,278.57 499,510.00 499,082.50 550,000.00 3,390,960.04 505 0.00 0.00 1,098,958.51 506 0.00 0.00 0.00 500.000.00 1,598,958.51 507 0.00 0.00 0.00 0.00 508 166,692.92 0.00 319,727.88 500.000.00 500 000.00 510 151,520.81 0.00 474,461.05 500,000.00 986,420.80 511 331,681.83 0.00 788,304.37 625,981.86 512 0.00 0.00 231,119.00 1,119,986.20 520 136,711.58 0.00 21,739.32 231,119.00 521 179,522.45 0.00 70,911.15 158,450.90 530 .11 0.00 403,546.70 5,000.00 250,433.60 531 0.00 0.00 0.00 444,774.82 540 0.00 0.00 0.00 0.00 541 0.00 0.00 150,202.70 0.00 550 0.00 0.00 51,240.17 150,202.70 552 53,154.22 0.00 973,509.71500�,� 51,240.17 Fl601 92,569.62 0.00 413,648.21 1,526,663.93 610 0.00 0.00 0.00 506,217.83 615 47,447.38 0.00 396,866.41 0.00 705 0.00 0.00 2,159,998.31 444,313.79 710 0.00 0.00 0.00 2,159,998.31 0.00 Total 10,691,202.30 58.12 16,619,411.91 1,005,000.00 1,406,549.80 0.00 499,062.50 899,819.75 787,978.33 52,468.97 1,000,000.00 1,753,652.78 500,000.00 607,000.00 2,500,000.00 500,000.00 1,000,000.00 450,000.00 1,499,843.75 539,479.17 1,085,000.00 1,324,203.47 500,000.00 1,000,000.00 421,695.00 46,642,425.84