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Home My WebLink About2009-05-05; City Council; 19785; 2009 Report on City investments as of March 31CITY OF CARLSBAD - AGENDA BILL AB# MTG. DEPT. 19,785 05/05/09 TRS REPORT ON CITY INVESTMENTS AS OF MARCH 31 , 2009 DEPT. HEAd\ fflS/tf CITYATTY. "' (g&L CITY MGR. [^ RECOMMENDED ACTION: Accept and file report. ITEM EXPLANATION: The City's Investment Policy requires the City Treasurer to report to the City Council on a monthly basis the status of the City's pooled investment portfolio. A quarterly report is also required for the investments of bond proceeds held separately. The City's pooled investment portfolio as of the month ended March 31, 2009 is summarized below. Pooled Investment Portfolio (Cash and Securities) Par Value Cost of Investments Amortized Cost (1 ) Market Value (2) Current Month 544,739,287 549,688,438 547,359,700 552,433,733 Prior Month 548,778,541 553,970,633 551 ,937,825 558,281 ,034 (1) The cost of investments adjusted for amortized premiums and discounts. (2) The amount at which the investments could be sold. Source of market values is Union Bank of California's custodial report as of 3/31/09. The equity portion of the various funds in the total portfolio is summarized in the graph on the next page. Fund balances are restricted for various purposes. See Exhibit 7 for a more detailed breakdown. FUND EQUITY IN POOLED INVESTMENTS (Dollar Amounts in Millions) Special Revenue U5.6 Capital Projects $ 275.5 General $58.7 Other $.5 Internal Service $25.1Agency$16.7 Enterprise $125.3 Total Treasurer's Investment Portfolio at Amortized Cost March 31,2009 $547.4 million FOR CITY CLERKS USE ONL Y. COUNCIL ACTION: APPROVED D DENIED D CONTINUED D WITHDRAWN D AMENDED D CONTINUED TO DATE SPECIFIC CONTINUED TO DATE UNKNOWN RETURNED TO STAFF OTHER - SEE MINUTES Council accepted tbe report. D D D D DEPARTMENT CONTACT: Nancy Sullivan (760) 602-2473 nsull@ci.carlsbad.ca.us PAGE 2 OF AB REPORT ON CITY INVESTMENTS AS OF MARCH 31. 2009 Pooled Investment Interest Income Cash Income Fiscal Year-to-Date * Current Month FYTD 18,812,155 Prior Month FYTD 17,173,665 Current Month Income 1 ,638,490 *The cash income received is adjusted for any accrued interest purchased. Pooled Investment Performance/Measurement January 2009 February 2009 March 2009 Average Life (Years) 1.69 1.56 1.54 Average Yield To Maturity 3.76% 3.57% 3.52% Modified Duration 1.568 1.445 1.425 All pooled investments have been made in accordance with the City's Investment Policy adopted January 2, 1985 and last revised February 13, 2007. All investments were initially made in accordance with the City's Investment Policy. Events subsequent to the purchase might have resulted in some investments not being in compliance with the current policy. These events are typically a change in the City's Investment Policy, a change in the credit rating subsequent to a purchase, or a temporary reduction in total portfolio assets. See Exhibit 8 for details. The pooled investment portfolio has the ability to meet the City's cash flow demands for the next six (6) months. Investment Portfolio for Bond Proceeds Par Value Cost Current Quarter 24,001 ,445 24,001 ,445 Prior Quarter 25,605,536 25,605,536 EXHIBITS FOR POOLED INVESTMENTS: 1. Investment Portfolio Breakdown By Amortized Cost, Market Value, Cash Income, and Average Yield 2. Investment Portfolio Breakdown Of Maturities 3. Yield Comparison Graph 4. Market Yield Curve 5. Cumulative Cash Income Graph EXHIBITS FOR POOLED INVESTMENTS: (continued) 6. Third Quarter Transactions 7. Detailed Investment Report 8. Fund Equity in Pooled Investments 9. Corporate Note and Commercial Paper Ratings 10. Percentage Weightings By Corporate Note Issuer EXHIBIT FOR INVESTMENTS OF BOND PROCEEDS HELD SEPARATELY: 11. Detailed Investment Report - Quarterly Report EXHIBIT FOR SUMMARY OF OUTSTANDING HOUSING LOANS: 12. Detail Of Outstanding Housing Loans - Quarterly Report CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF MARCH 31, 2009 BREAKDOWN BY AMORTIZED COST, MARKET VALUE, CASH INCOME, AND AVERAGE YIELD BY CLASS AVERAGE YIELD Class CD FN CP TR FA CN LAIF CUSTODY SWEEP BANK ACCT Current Month 33,000 12,180,038 0 2,057,158 316,908,951 93,487,307 120,856,376 - 1,101,344 735,526 Prior Month Current Month 33,000 7,582,300 0 2,058,246 328,016,930 93,514,848 118,656,376 662 1,524,163 551,299 33,000 12,242,230 0 2,141,640 324,309,687 91,013,929 120,856,376 0 1,101,344 735,526 Prior Month 33,000 7,619,240 0 2,123,280 335,632,042 92,140,971 118,656,376 662 1,524,163 551,299 Cash Income Year to Date Current Month Prior Month 471 0 0 21,429 13,935,646 3,601,414 1,244,307 1,731 7,158 0 0.90 2.82 0.00 2.44 3.83 4.74 1.92 0.32 0.10 0.10 1.88 3.11 0.00 2.44 3.85 4.74 1.97 0.20 0.10 0.10 TOTALS $547,359,700 $551,937,825 $552,433,733 $558,281,034 $18,812,156 3.52%3.57% CD - Certificate of Deposit FN - Federal Discount Notes CP - Corporate Paper TR - US Treasury FA - Federal Agency CN - Corporate Notes LAIF - Local Agency Investment Fund Custody - Investment Cash account SWEEP - General Fund Overnight Cash acccount Bank Account - General Fund Cash account mx CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF MARCH 31, 2009 BREAKDOWN OF MATURITIES BY CLASSIFICATION AND LENGTH OF TIME CLASS CD FN CP TR FA CN LAIF CUSTODY SWEEP BANKACCT TOTALS % TOTALS Total within One Year POLICY: WITHIN 6 MONTHS 0 0 0 0 66,663,779 , 12,055,973 120,856,376 0 1,101,344 735,526 $201,412,999 (1) 36.6% (1) Not less than $130,125; 7 MONTHS TO 1 YEAR 33,000 2,914,250 0 0 36,224,329 7,127,635 0 0 0 0 $46,299,213 (1) 8.4% $247,712,213 (1) 45.1% ,000 to mature within one year. (2/3rds ol 1 TO 5 YEARS 0 9,201,104 0 2,062,109 216,003,780 74,709,233 0 0 0 0 $301,976,226 54.9% f current year operating buc TOTAL % TOTAL 33,000 0.0% 12,115,354 2.2% 0 0.0% 2,062,109 0.4% 318,891,888 58.0% 93,892,841 17.1% (2) 120,856,376 22.0% 0 0.0% 1,101,344 0.2% 735,526 0.1% $549,688,438 100.0% 100.0% m X DC [get of $195,180,000.00) ro (2) Policy states that not more than 30% of portfolio is to be invested in corporate notes. ro YIELD COMPARISON PORTFOLIO EX-LAIF VS. LAIF JULY 1996 - MARCH 2009 .00 MARKET YIELD CURVE 6/30/07, 6/30/08, 3/31/09 Market Rates iJ.i) 1 4 C•O 3 c.3 2 C•D 2 1 *> '1 mO 11 O c.3o q • _ ^ ^^Mt^^^^^aaMMiaaMii^^i^M^M^^B ^- ^ ""^ "* ^ ^ -"*" ^*" *-» ""^ ^~ ^~* ^ ~'~ ~*^ *-~~~~~~ *~~ ~^ ^^- ^^^*^**^ ^^..^-^^""^ >• — * U i i i i 3Mth 2Yr 5Yr 10 Yr 3Mth 2Yr 5 Yr 10 Yr —06/30/2007 4.86 4.84 4.89 4.99 -*- 06/30/2008 1.73 2.62 3.33 3.97 -<t»03/31/2009 .20 .80 1.66 2.66 X DCI—I CO Cumulative Millions $ Cumulative Cash Income FY08-09 (March 09) 24 22 20 18 16 14 12 10 8 6 4 2 Monthly Interest Income Millions $ 2.65 1.7 2.3 1.85 1.64 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun c=3 Interest Income -—-Budget Actual 8 7 6 5 4 3 2 1 0 Xrei—i DOi—i —1 cn City of Carlsbad TRANSACTIONS FOR PERIOD: 01/01/09 TO 03/31/09 3rd QUARTER 2008-2009 Trans Date BUYS JANUARY 01/16/2009 01/06/2009 01/22/2009 01/22/2009 01/28/2009 FEBRUARY 01/28/2009 02/10/2009 02/17/2009 02/06/2009 02/24/2009 MARCH 02/27/2009 02/27/2009 02/24/2009 03/09/2009 03/02/2009 03/11/2009 03/11/2009 03/06/2009 03/30/2009 Investment Date 01/20/2009 01/20/2009 01/23/2009 01/23/2009 01/29/2009 02/12/2009 02/11/2009 02/18/2009 02/27/2009 02/25/2009 03/02/2009 03/02/2009 03/12/2009 03/11/2009 03/02/2009 03/12/2009 03/16/2009 03/26/2009 03/31/2009 Maturity Date 12/13/2013 01/20/2011 08/15/2011 09/09/201 1 08/15/2012 02/12/2014 08/08/201 1 05/11/2012 08/27/2012 05/11/2012 10/06/2012 05/11/2012 09/12/2012 09/10/2010 03/02/2010 03/26/201 1 06/16/2010 03/26/2014 07/15/2011 Type FA FA FA FA FA FA FA FA FA FA FA FA FA FA CD FA FA FA FA Security FHLB FHLMC FHLB FHLB FHLB FNMA FICO FICO FNMA FICO FICO FICO FHLMC FHLB WELLS FARGO FICO FHLB FHLMC FFCB Call Date N/A 04/20/2009 N/A N/A N/A 02/12/2010 N/A N/A 08/27/2010 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A TOTAL THIRD QUARTER 2008-2009 Par Value 2,000,000.00 3,000,000.00 1 ,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 33,000.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 1 ,000,000.00 32,033,000.00 Coupon 3.125% 2.000% 5.750% 5.000% 4.625% 2.0% STEP 0.000% 0.000% 2.625% 0.000% 0.000% 0.000% 2.000% 1 .400% 0.900% 0.000% 1 .250% 2.5% STEP 3.625% Amount (Cost) 2,047,941.08 3,000,000.00 1 ,097,950.00 1 ,077,520.00 2,150,960.00 2,000,000.00 1 ,889,240.00 916,713.56 2,000,000.00 1 ,826,280.00 1 ,793,820.00 1,818,680.00 2,000,000.00 2,000,000.00 33,000.00 956,370.00 1 ,000,000.00 3,000,000.00 1 ,044,420.00 31,652,894.64 Return Rate 2.60% 2.00% 1 .82% 1 .96% 2.39% 3.50% 2.30% 2.71% 2.63% 2.85% 3.05% 3.00% 2.71% 1 .40% 0.90% 2.20% 1 .25% 4.21% 1 .64% 2.58% Interest 258,135.31 120,000.00 49,313.89 53,868.89 176,901.11 355,000.00 110,760.00 83,286.44 183,750.00 173,720.00 206,180.00 181,320.00 190,000.00 41 ,922.22 297.00 43,630.00 15,625.00 615,000.00 38,552.22 2,897,262.08 Investment Return 2,306,076.39 3,120,000.00 1,147,263.89 1,131,388.89 2,327,861.11 2,355,000.00 2,000,000.00 1 ,000,000.00 2,183,750.00 2,000,000.00 2,000,000.00 2,000,000.00 2,190,000.00 2,041 ,922.22 33,297.00 1 ,000,000.00 1,015,625.00 3,615,000.00 1 ,082,972.22 34,550,156.72 MATURITIES JANUARY FEBRUARY MARCH £ 09/30/2008 06/27/2005 03/05/2008 04/02/2007 04/16/2004 04/07/2008 03/02/2008 01/13/2009 01/26/2009 02/04/2009 03/16/2009 03/16/2009 03/17/2009 03/02/2009 FA FA FA FA FA FA CD FHLB FNMA FHLB FNMA FNMA FHLMC WELLS FARGO N/A 01/26/2007 N/A 03/16/2006 03/16/2006 03/17/2006 N/A 2,000,000.00 3,000,000.00 1,315,000.00 3,000,000.00 3,000,000.00 2,000,000.00 33,000.00 3.250% 4.000% 5.000% 3.125% 3.125% 2.500% 1 .880% 2,000,000.00 2,993,100.00 1 ,347,059.70 2,973,270.00 2,913,835.02 1 ,980,625.00 33,000.00 3.25% 4.07% 2.29% 3.32% 3.77% 4.20% 1 .88% 18,597.22 436,566.67 28,028.49 491,313.33 547,102.48 415,625.00 620.00 2,018,597.22 3,429,666.67 1,375,088.19 3,464,583.33 5 3,460,937.50 ~ 2,396,250.00 S 33,620.00 ^ TOTAL THIRD QUARTER 2008-2009 14,348,000.00 14,240,889.72 3.58% 1,937,853.19 16,178,742.91 City of Carlsbad TRANSACTIONS FOR PERIOD: 01/01/09 TO 02/28/09 Trans Investment Maturity Date Date Date Type CALLS and / or SALES JANUARY 09/30/2008 10/02/2008 10/02/2009 FA 09/17/2008 10/06/2008 01/06/2010 FA 01/02/2008 01/07/2008 01/07/2011 FA 02/12/2008 02/13/2008 02/13/2012 FA 05/09/2008 05/12/2008 01/23/2012 FA 03/04/2008 03/05/2008 08/19/2011 FA 01/16/2008 01/28/2008 01/28/2013 FA 02/01/2008 02/04/2008 01/30/2013 FA FEBRUARY 01/30/2008 02/04/2008 02/04/2010 FA 01/11/2006 02/09/2006 02/09/2011 FA 02/01/2008 02/20/2008 02/20/2013 FA 05/16/2009 05/17/2006 02/24/2011 FA 02/09/2006 02/24/2006 02/24/2011 FA 03/28/2006 03/29/2006 02/24/2011 FA 06/07/2006 06/09/2006 02/24/2011 FA 05/02/2006 05/03/2006 02/24/2011 FA 04/27/2006 04/28/2006 02/24/2011 FA 10/31/2006 11/01/2006 02/24/2011 FA 12/02/2008 12/03/2008 08/26/2011 FA MARCH 05/19/2008 06/02/2008 12/02/2011 FA 08/05/2008 08/06/2008 06/02/2011 FA 12/02/2008 12/09/2008 12/09/2010 FA 09/16/2008 09/17/2008 03/10/2010 FA 03/13/2008 03/18/2008 03/18/2013 FA 03/02/2006 03/24/2006 03/24/2011 FA TOTAL THIRD QUARTER 2008-2009 3rd QUARTER 2008-2009 Security FHLB FHLB FHLB FFCB FHLB FHLB FHLB FHLB FHLB FHLB FHLB FNMA FHLB FHLMC FHLMC FHLMC FHLMC FHLMC FHLMC FHLMC FHLMC FNMA FHLMC FHLMC FHLB Call Date 01/02/2009 01/06/2009 01/07/2009 01/16/2009 01/23/2009 01/26/2009 01/28/2009 01/30/2009 02/04/2009 02/09/2009 02/20/2009 02/24/2009 02/24/2009 02/24/2009 02/24/2009 02/24/2009 02/24/2009 02/24/2009 02/26/2009 03/02/2009 03/02/2009 03/09/2009 03/10/2009 03/18/2009 03/24/2009 Par Value 2,000,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 4,000,000.00 1 ,000,000.00 5,000,000.00 4,000,000.00 3,000,000.00 3,320,000.00 3,000,000.00 3,000,000.00 3,000,000.00 5,000,000.00 5,000,000.00 525,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 2,000,000.00 1 ,000,000.00 3,000,000.00 Coupon 3.625% 3.000% 4.125% 3.875% 3.520% 3.550% 4.200% 4.350% 3.200% 5.000% 4.000% 5.160% 5.150% 5.250% 5.250% 5.250% 5.250% 5.250% 3.500% 4.000% 3.125% 3.000% 3.000% 4.000% 5.250% Amount (Cost) 2,000,000.00 2,000,000.00 3,000,000.00 998,700.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 4,040,000.00 1 ,000,000.00 5,000,000.00 4,000,000.00 2,958,763.23 3,320,000.00 2,991 ,000.00 2,967,775.85 2,971,860.00 4,954,450.00 5,015,000.00 525,000.00 2,000,000.00 2,989,500.00 1 ,000,000.00 2,000,000.00 999,000.00 3,000,000.00 Return Rate 4.66% 3.00% 4.13% 3.91% 3.52% 3.55% 4.20% 4.13% 3.20% 5.00% 4.00% 5.49% 5.15% 5.32% 5.51% 5.47% 5.47% 5.17% 3.50% 4.00% 4.22% 3.00% 3.00% 4.02% 5.25% Interest 93,125.00 75,000.00 371 ,250.00 156,300.00 130,142.22 122,672.22 630,000.00 828,066.67 64,000.00 1 ,250,000.00 800,000.00 824,546.77 854,900.00 781,187.50 773,786.65 785,452.50 1,311,383.33 1,117,395.83 50,173.96 280,000.00 359,458.33 60,000.00 88,833.33 201 ,000.00 787,500.00 Investment Return 2,093,125.00 2,075,000.00 3,371,250.00 1,155,000.00 1,130,142.22 1,122,672.22 3,630,000.00 4,868,066.67 1 ,064,000.00 6,250,000.00 4,800,000.00 3,783,310.00 4,174,900.00 3,772,187.50 3,741 ,562.50 3,757,312.50 6,265,833.33 6,132,395.83 575,173.96 2,280,000.00 3,348,958.33 1 ,060,000.00 2,088,833.33 1 ,200,000.00 3,787,500.00 64,845,000.00 64,731,049.08 4.61% 12,796,174.31 77,527,223.39 INVESTMENT REPORT AS OF MARCH 31, 2009 INVESTMENT DATE 04/07/2008 04/28/2004 05/05/2004 11/08/2007 06/11/2008 02/13/2008 03/14/2007 05/15/2007 07/25/2007 08/09/2007 03/05/2008 04/22/2008 02/13/2008 05/05/2008 07/25/2007 08/09/2007 04/04/2008 01/22/2008 10/27/2008 01/04/2008 03/13/2008 03/25/2008 05/15/2007 11/01/2006 01/22/2008 08/17/2007 03/14/2007 01/22/2008 02/01/2008 11/13/2007 03/19/2007 03/05/2008 01/22/2008 03/06/2008 01/28/2008 01/31/2008 01/22/2008 01/22/2008 01/22/2008 02/01/2008 MATURITY DATE 04/07/2009 04/28/2009 05/05/2009 05/12/2009 05/15/2009 05/28/2009 06/12/2009 06/12/2009 06/12/2009 06/12/2009 06/12/2009 06/30/2009 07/09/2009 07/17/2009 07/20/2009 07/20/2009 07/23/2009 07/27/2009 07/27/2009 07/30/2009 07/30/2009 07/30/2009 08/01/2009 08/05/2009 08/05/2009 08/17/2009 09/11/2009 09/11/2009 09/11/2009 09/30/2009 10/02/2009 10/23/2009 10/28/2009 11/06/2009 11/13/2009 11/13/2009 11/16/2009 11/18/2009 12/11/2009 01/29/2010 TYPE FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA SECURITY FHLB 2.4% DUE 4/7/09 CALL 10/07/08 FHLMC 2.750% DUE 04/28/09 CALL 04/28/06 FHLMC DUE 05/05/09 CALL 05/05/05 FFC 9.55% DUR 5/12/09 NON-CALL FNMA 4.25% DUE 5/15/09 NON-CALL FHLB 4.07% DUE 5/28/09 NON-CALL FHLB 5.25% DUE 6/12/09 NON-CALL FHLB 5.25% DUE 6/12/09 NON-CALL FHLB 5.25% DUE 6/12/09 NON-CALL FHLB 5.250% DUE 6/12/09 NON-CALL FHLB 5.250% DUE 6/12/09 NON-CALL FHLMC 4.10% DUE 6/30/09 NON-CALL FHLMC 3.25% DUE 7/9/09 NON-CALL FHLB 5.375% DUE 7/17/09 NON-CALL FFCB 5.15% DUE 7/20/09 NON-CALL FFCB 5.150% DUE 7/20/09 NON-CALL FHLB 3.1% DUE 7/23/09 NON-CALL FHLB 4.180% DUE 7/27/09 NON-CALL FHLB 3.10% DUE 7/27/09 NON-CALL FHLMC 4.375% DUE 7/30/09 NON-CALL FHLMC 4.375% DUE 7/30/09 NON-CALL FHLMC 4.375% DUE 7/30/09 NON-CALL HUD 4.430% DUE 8/1/09 NON-CALL FHLB 5.25% DUE 8/05/09 NON-CALL FHLB 5.25% DUE 8/5/09 NON-CALL FFCB 5.00% DUE 8/17/09 NON-CALL FHLB 4.378% DUE 9/11/09 NON-CALL FHLB 4.375% DUE 9/11/09 NON-CALL FHLB 5.25% DUE 9/11/09 NON-CALL FHLMC 3.5$ DUE 9/30/09 NON-CALL FHLB 5.0% DUE 10/2/09 NON-CALL FFCB 5.00% DUE 10/23/09 NON-CALL FNMA 4.0% DUE 10/28/09 NON-CALL FFCB 4.350% DUE 11/06/09 NON-CALL FFCB 4.125% DUE 11/13/09 NON-CALL FHLB 4.25% DUE 11/13/09 NON-CALL FNMA 4.0% DUE 11/16/09 NON-CALL FHLMC 4.125% DUE 11/18/09 NON-CALL FHLB 5.0% DUE 12/11/09 NON-CALL FHLMC 3.25% DUE 1/29/10 CALL 7/29/08 PAR VALUE 2,000,000.00 5,000,000.00 5,000,000.00 2,000,000.00 1 ,005,000.00 1 ,000,000.00 2,000,000.00 5,000,000.00 2,000,000.00 2,000,000.00 4,000,000.00 1,000,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 500,000.00 1 ,000,000.00 1 ,270,000.00 1,000,000.00 2,000,000.00 1,000,000.00 5,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1,000,000.00 1 ,000,000.00 3,000,000.00 2,000,000.00 500,000.00 1 ,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,080,000.00 3,000,000.00 3,000,000.00 INVESTED AMOUNT 2,000,000.00 5,000,000.00 5,000,000.00 2,155,378.00 1,018,080.08 1,019,418.00 2,022,809.38 5,030,000.00 2,006,972.34 2,015,549.68 4,150,240.00 1,016,880.00 2,020,560.00 3,103,028.04 1,001,858.80 2,012,808.76 2,019,092.00 508,810.00 1 ,000,000.00 1 ,286,826.23 1,027,740.00 2,052,000.00 990,198.00 5,048,115.85 2,070,366.00 3,000,000.00 1 ,984,643.55 3,070,602.00 1,041,519.37 990,283.25 3,014,820.00 2,090,620.00 508,645.00 1,031,080.00 2,049,060.00 1 ,024,930.00 2,038,020.00 2,124,168.80 3,114,720.00 3,000,000.00 RETURN RATE 2.400% 3.474% 4.262% 4.190% 2.817% 2.530% 4.705% 4.940% 5.050% 4.800% 2.230% 2.646% 2.500% 2.450% 5.050% 4.800% 2.350% 2.981% 3.100% 3.500% 2.320% 2.400% 4.900% 4.870% 2.891% 5.000% 4.705% 2.890% 2.600% 4.040% 4.790% 2.160% 2.986% 2.434% 2.711% 2.805% 2.916% 2.918% 2.900% 3.250% INTEREST 48,000.00 875,000.00 1 ,075,000.00 133,244.22 26,547.63 33,152.83 212,857.29 514,687.50 190,485.99 177,825.32 116,343.33 31,864.44 70,801.11 90,471 .96 100,425.92 187,755.13 61 ,680.22 22,830.28 23,250.00 70,530.37 32,659.31 65,881.94 107,754.22 676,675.82 90,925.67 300,000.00 233,377.28 144,137.58 43,073.96 75,536.19 365,596.67 72,713.33 26,688.33 41 ,420.00 98,752.50 50,861 .67 107,313.33 112,177.87 168,196.67 194,458.33 INVESTMENT RETURN 2,048,000.00 5,875,000.00 6,075,000.00 2,288,622.22 1,044,627.71 1,052,570.83 2,235,666.67 5,544,687.50 2,197,458.33 2,193,375.00 4,266,583.33 1,048,744.44 2,091,361.11 3,193,500.00 1,102,284.72 2,200,563.89 2,080,772.22 531 ,640.28 1 ,023,250.00 1 ,357,356.60 1 ,060,399.31 2,117,881.94 1 ,097,952.22 5,724,791.67 2,161,291.67 3,300,000.00 2,218,020.83 3,214,739.58 1 ,084,593.33 1,065,819.44 3,380,416.67 2,163,333.33 535,333.33 1 ,072,500.00 2,147,812.50 1 ,075,791 .67 2,145,333.33 2,236,346.67 3,282,916.67 3,194,458.33 TERM (Days) 365 1,826 1,826 551 338 470 821 759 688 673 464 434 512 438 726 711 475 552 273 573 504 492 809 1,008 561 731 912 598 588 687 928 597 645 m 610 g 655 3 652 Hj 664 ^j 666 689 728 INVESTMENT REPORT AS OF MARCH 31, 2009 INVESTMENT PATE 01/28/2008 01/31/2008 09/29/2008 01/28/2008 02/04/2008 02/13/2008 04/02/2008 10/30/2008 04/22/2008 01/28/2008 04/28/2008 07/25/2007 04/22/2008 05/05/2008 12/21/2007 03/16/2009 02/26/2008 05/08/2008 08/05/2008 10/09/2007 07/25/2007 07/15/2008 03/12/2008 02/20/2008 02/13/2008 10/30/2007 02/12/2008 09/18/2007 09/26/2007 05/08/2008 12/05/2008 03/11/2009 09/26/2007 05/05/2008 11/20/2008 12/23/2008 12/05/2008 01/20/2009 02/20/2008 04/20/2006 04/28/2006 MATURITY DATE 02/12/2010 02/12/2010 02/12/2010 03/08/2010 03/12/2010 03/12/2010 03/12/2010 03/12/2010 04/07/2010 04/28/2010 04/28/2010 05/03/2010 05/11/2010 05/14/2010 05/28/2010 06/16/2010 06/11/2010 06/11/2010 06/16/2010 06/22/2010 07/06/2010 07/15/2010 07/26/2010 07/28/2010 07/30/2010 08/10/2010 08/12/2010 08/23/2010 09/10/2010 09/10/2010 09/10/2010 09/10/2010 09/13/2010 10/22/2010 11/19/2010 12/30/2010 12/16/2010 01/20/2011 03/11/2011 04/06/201 1 04/06/201 1 TYPE FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA SECURITY FHLB 3.875% DUE 2/12/10 NON-CALL FHLB 37.375% DUE 2/12/10 NON-CALL FHLMC 3.125% DUE 2/12/10 NON- CALL FNMA 4.40% DUE 03/08/10 NON-CALL FHLB 2.375% DUE 3/12/10 NON-CALL FHLB 2.375% DUE 3/12/10 NON-CALL FHLB 2.750% DUE 3/12/10 NON-CALL FHLB 2.750% DUE 3/12/10 NON-CALL FFCB 2.375% DUE 4/7/10 NON-CALL FHLMC 4.02% DUE 4/28/10 NON-CALL FNMA 3.0% DUE 4/28/10 CALL 4/28/09 FFCB 4.780% DUE 5/03/10 NON-CALL FFCB 5.320% DUE 5/11/10 NON-CALL FHLB 7.625% DUE 5/14/10 NON-CALL FNMA 3.625% DUE 5/28/10 NON-CALL FHLB 1.250% DUE 6/16/10 NON-CALL FHLB 4.25% DUE 6/11/10 NON-CALL FHLB 3.00% DUE 6/11/10 NON-CALL FHLMC 3.50% DUE 6/16/10 NON-CALL FHLB 4.5% DUE 6/22/10 NON-CALL FNMA 5.125% DUE 7/6/10 NON-CALL FFCB 3.200% DUE 7/15/10 NON-CALL FHLB 4.44% DUE 7/26/10 NON-CALL FNMA 4.70% DUE 7/28/10 NON-CALL FHLB 5.00% DUE 7/30/10 NON-CALL FHLB 4.7% DUE 8/10/10 NON-CALL FHLB 3.190% DUE 8/12/10 CALL 8/12/08 FHLMC 5.125% DUE 8/23/10 NON-CALL FHLB 5.125% DUR 9/10/10 NON-CALL FHLB 3.00% DUE 9/10/10 NON-CALL FHLB 3.375% DUE 9/10/10 NON-CALL FHLB 1.4% DUE 9/10/10 NON-CALL FFCB 5.25% DUE 9/13/10 NON-CALL FHLB 4.375% DUE 10/22/10 NON-CALL FFCB 2.875% DUE 11/19/10 CALL 5/19/09 FHLB 1.70% DUE 12/30/10 CALL 12/30/09 FHLMC 4.50% DUE 12/16/10 FHLMC 2.0% DUE 1/20/11 CALL 4/20/09 FHLB 2.875% DUE 3/11/11 NON-CALL FNMA 5.25% DUE 4/6/11 CALL 4/06/09 FNMA 5.25% DUE 4/6/11 CALL 4/06/09 PAR VALUE 1,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 1 ,500,000.00 3,000,000.00 2,000,000.00 1,000,000.00 3,000,000.00 2,000,000.00 1 ,000,000.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 3,000,000.00 1,000,000.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 2,550,000.00 1,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1 ,000,000.00 2,000,000.00 1 ,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 2,421,000.00 INVESTED AMOUNT 1 ,020,550.00 2,177,668.00 2,997,750.00 2,064,240.00 1 ,989,880.00 1 ,994,095.84 1,006,020.00 2,978,060.95 1 ,984,800.00 1 ,537,935.00 2,999,250.00 1 ,981 ,720.00 1,050,120.00 3,273,695.78 1 ,996,499.26 1 ,000,000.00 1 ,030,795.00 999,862.00 3,010,680.00 2,991,510.00 1 ,000,640.00 1 ,000,000.00 1 ,043,000.00 3,134,430.00 2,688,248.25 1 ,009,328.80 3,000,000.00 3,048,120.00 2,034,188.23 1,994,876.00 2,032,660.00 2,000,000.00 2,041,700.00 1,032,893.26 2,000,000.00 1 ,000,000.00 3,119,880.00 3,000,000.00 2,993,378.76 2,976,375.00 2,396,790.00 RETURN RATE 2.830% 2.841% 3.180% 2.821% 2.622% 2.520% 2.430% 3.300% 2.776% 2.850% 3.013% 5.135% 2.790% 2.950% 3.700% 1.250% 2.849% 3.005% 3.300% 4.610% 5.100% 3.200% 2.559% 2.786% 2.710% 4.337% 3.190% 4.530% 4.500% 3.115% 2.420% 1 .400% 4.490% 2.980% 2.875% 1 .700% 2.470% 2.000% 2.950% 5.433% 4.483% INTEREST 58,456.94 122,248.67 130,635.42 121,537.78 110,133.89 104,730.55 47,452.22 134,689.05 108,220.83 97,740.00 180,750.00 283,304.44 59,087.78 189,522.97 180,118.80 15,625.00 66,482.78 62,888.00 185,028.33 373,365.00 150,405.14 64,000.00 62,326.67 209,453.33 175,897.58 121,226.76 239,250.00 402,452.92 268,756.21 145,457.34 86,402.50 41 ,922.22 269,508.33 74,901 .88 114,840.28 34,000.00 154,245.00 120,000.00 270,402.49 805,000.00 651,955.12 INVESTMENT RETURN 1 ,079,006.94 2,299,916.67 3,128,385.42 2,185,777.78 2,100,013.89 2,098,826.39 1 ,053,472.22 3,112,750.00 2,093,020.83 1 ,635,675.00 3,180,000.00 2,265,024.44 1,109,207.78 3,463,218.75 2,176,618.06 1,015,625.00 1 ,097,277.78 1 ,062,750.00 3,195,708.33 3,364,875.00 1,151,045.14 1 ,064,000.00 1,105,326.67 3,343,883.33 2,864,145.83 1,130,555.56 3,239,250.00 3,450,572.92 2,302,944.44 2,140,333.34 2,119,062.50 2,041 ,922.22 2,31 1 ,208.33 1,107,795.14 2,114,840.28 1 ,034,000.00 3,274,125.00 3,120,000.00 3,263,781 .25 3,781 ,375.00 3,048,745.12 TERM (Days) 746 743 501 770 767 758 709 498 715 821 730 1,013 749 739 889 457 836 764 680 987 1,077 730 866 889 898 1,015 912 1,070 1,080 855 644 548 1,083 900 729 737 741 730 1,115 1,812 1,804 INVESTMENT REPORT AS OF MARCH 31, 2009 INVESTMENT PATE 11/20/2007 01/28/2008 08/31/2007 05/08/2008 09/17/2008 03/15/2007 06/30/2006 08/07/2008 03/09/2007 08/01/2007 08/31/2007 05/08/2008 03/31/2009 03/19/2007 01/23/2009 08/26/2008 05/29/2008 03/05/2007 03/15/2007 01/23/2009 10/30/2007 03/15/2007 10/05/2007 10/19/2007 03/05/2008 03/19/2007 03/26/2007 03/26/2007 04/20/2007 08/17/2007 05/21/2007 07/25/2007 11/19/2008 07/25/2007 07/25/2007 07/15/2008 03/18/2008 12/10/2007 08/05/2008 07/30/2007 ' 08/13/2008 MATURITY DATE 05/20/201 1 05/20/2011 06/10/2011 06/10/2011 06/10/2011 06/15/2011 06/30/201 1 07/07/2011 07/14/2011 07/15/2011 07/15/2011 07/15/2011 07/15/2011 08/15/2011 08/15/2011 08/26/201 1 08/29/201 1 09/09/2011 09/09/2011 09/09/201 1 09/15/2011 10/05/2011 10/05/2011 10/19/2011 10/27/2011 11/18/2011 03/26/2012 03/26/2012 03/26/2012 04/03/2012 04/12/2012 05/23/2012 06/04/2012 06/08/2012 06/08/2012 06/08/2012 06/26/2012 07/20/2012 07/23/2012 07/30/2012 08/13/2012 TYPE FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA SECURITY FHLB 4.5% DUE 5/20/11 CALL 11/20/09 FHLB 4.5% DUE 5/20/11 CALL 11/20/09 FHLB 5.275% DUE 6/10/11 NON-CALL FHLB 5.25% DUE 6/10/11 NON-CALL FHLB 5.25% DUE 6/10/11 NON-CALL FHLMC 5.03% DUE 6/15/11 CALL 6/15/09 FHLB 5.650% DUE 6/30/11 CALL 6/30/09 FNMA 4.00% DUE 07/07/11 CALL 07/07/09 FNMA 3.64% DUE 7/14/11 NON-CALL FAMCA 5.50% DUE 7/15/11 NON-CALL FAMCA 5.50% DUE 7/15/11 NON-CALL FAMCA 5.5% DUE 7/15/11 NON-CALL FFCB 3.625% DUE 7/15/11 NON-CALL FHLB 5.75% DUE 8/15/11 NON-CALL FHLB 5.75% DUE 8/15/11 NON-CALL FNMA 4.0% DUE 8/26/11 CALL 8/26/09 FHLMC 3.53% DUE 8/29/11 CALL 5/29/09 FHLB 5.00% DUE 9/9/11 NON-CALL FHLB 5.00% DUE 9/9/11 NON-CALL FHLB 5.00% DUE 9/9/11 NON-CALL FHLMC 5.50% DUE 9/15/11 NON-CALL FHLB 4.875% DUE 10/05/11 NON-CALL FHLB 4.9% DUE 10/05/11 CALL 10/05/09 FHLB 5.00% DUE 10/19/11 CALL 10/19/09 FHLB 5.30% DUE 10/27/11 CALL 10/27/09 FHLB 4.875% DUE 11/18/11 NON-CALL FHLMC 5.0% DUE 3/26/12 CALL 3/26/10 FHLMC 5.0% DUE 3/26/12 CALL 3/26/10 FHLMC 5.0% DUE 3/26/12 CALL 3/26/10 FHLMC 5.25% DUE 4/3/12 CALL FFCB 4.875% DUE 4/12/12 NON-CALL TVA 6.790% DUE 5/23/12 NON-CALL FHLMC 5.4% DUE 6/4/12 CALL 6/4/09 FHLB 5.375% DUE 6/8/12 NON-CALL FHLB 5.375% DUE 6/8/12 NON-CALL FHLB 4.375% DUE 6/8/12 NON-CALL FHLB 5.750% DUE 6/26/12 CALL 6/26/09 FHLB 5.58% DUE 7/20/12 CALL 7/20/10 FFCB 3.950% DUE 7/23/12 NON-CALL FHLB 5.52% DUE 7/30/12 CALL 7/30/10 FHLB 4.35% DUE 8/13/12 CALL 8/13/10 PAR VALUE 2,000,000.00 3,000,000.00 1 ,000,000.00 1,000,000.00 2,000,000.00 5,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 629,000.00 2,000,000.00 1 ,000,000.00 3,000,000.00 1 ,000,000.00 1 ,000,000.00 1 ,000,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 3,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 3,000,000.00 2,000,000.00 2,000,000.00 1 ,000,000.00 1 ,000,000.00 1 ,000,000.00 3,000,000.00 2,000,000.00 1 ,000,000.00 2,000,000.00 1 ,770,000.00 2,000,000.00 INVESTED AMOUNT 2,016,000.00 3,078,630.00 1 ,020,930.00 1 ,055,434.00 2,132,207.14 5,000,000.00 2,000,000.00 1,996,500.00 1 ,909,480.00 3,034,380.00 644,775.32 2,116,712.00 1 ,044,420.00 3,111,810.00 1,097,950.00 999,500.00 1 ,000,000.00 2,018,200.00 3,032,352.00 1 ,077,520.00 3,117,300.00 3,018,777.00 2,000,000.00 3,000,000.00 2,085,000.00 3,009,690.00 2,000,000.00 3,000,000.00 999,687.50 2,998,500.00 1 ,987,880.00 2,130,980.00 1,016,580.00 1,005,040.00 1 ,005,254.43 3,050,958.11 2,075,680.00 1,037,000.00 2,002,900.00 1 ,770,000.00 1 ,999,500.00 RETURN RATE 4.252% 3.651% 4.761% 3.345% 2.720% 5.030% 5.650% 4.063% 4.805% 5.175% 4.781% 3.545% 1.639% 4.800% 1.818% 4.018% 3.530% 4.773% 4.730% 1.958% 4.390% 4.720% 4.900% 5.000% 4.033% 4.795% 5.000% 5.000% 5.006% 5.261% 5.015% 5.235% 4.884% 5.255% 5.250% 3.900% 4.760% 4.677% 3.910% 5.520% 4.357% INTEREST 299,000.00 368,370.00 181,976.25 106,732.67 154,501.19 1 ,068,875.00 565,000.00 236,833.33 406,997.78 618,286.67 118,184.21 233,760.22 85,530.00 648,148.33 49,313.89 120,500.00 114,725.00 432,911.11 640,148.00 53,868.89 522,075.00 647,473.00 392,000.00 600,000.00 301,311.11 672,403.75 500,000.00 750,000.00 246,979.17 730,375.00 489,057.50 524,632.22 174,670.00 256,692.64 256,478.21 460,552.31 415,625.56 220,300.00 310,466.67 488,520.00 348,500.00 INVESTMENT RETURN 2,315,000.00 3,447,000.00 1 ,202,906.25 1,162,166.67 2,286,708.33 6,068,875.00 2,565,000.00 2,233,333.33 2,316,477.78 3,652,666.67 762,959.53 2,350,472.22 1,129,950.00 3,759,958.33 1,147,263.89 1,120,000.00 1,114,725.00 2,451,111.11 3,672,500.00 1,131,388.89 3,639,375.00 3,666,250.00 2,392,000.00 3,600,000.00 2,386,311.11 3,682,093.75 2,500,000.00 3,750,000.00 1 ,246,666.67 3,728,875.00 2,476,937.50 2,655,612.22 1,191,250.00 1,261,732.64 1 ,261 ,732.64 3,511,510.42 2,491 ,305.56 1,257,300.00 2,313,366.67 2,258,520.00 2,348,000.00 TERM (Days) 1,277 1,208 1,379 1,128 996 1,553 1,826 1,064 1,588 1,444 1,414 1,163 836 1,610 934 1,095 1,187 1,649 1,639 959 1,416 1,665 1,461 1,461 1,331 1,705 1,827 1,827 1,802 1,691 1,788 1,764 1,293 1,780 1,780 1,424 1,561 1,684 1,448 1,827 1,461 INVESTMENT REPORT AS OF MARCH 31, 2009 INVESTMENT PATE 01/29/2009 02/27/2009 11/12/2008 09/10/2007 03/12/2009 05/05/2008 08/22/2008 10/29/2007 12/10/2007 10/22/2007 11/28/2007 12/06/2007 06/03/2008 12/21/2007 12/21/2007 01/23/2008 01/14/2008 03/10/2008 05/14/2008 06/10/2008 11/10/2008 12/03/2008 08/27/2008 12/17/2008 11/12/2008 11/19/2008 1 1/26/2008 01/20/2009 02/12/2009 03/26/2009 10/23/2008 03/12/2009 02/11/2009 02/18/2009 02/25/2009 03/02/2009 03/02/2009 MATURITY DATE 08/15/2012 08/27/2012 09/06/2013 09/10/2012 09/12/2012 09/14/2012 09/14/2012 10/15/2012 10/17/2012 10/22/2012 10/30/2012 10/30/2012 11/13/2012 12/21/2012 12/21/2012 01/07/2013 01/14/2013 03/08/2013 05/14/2013 06/10/2013 06/14/2013 07/08/2013 07/17/2013 09/13/2013 09/18/2013 09/25/2013 11/26/2013 12/13/2013 02/12/2014 03/26/2014 10/01/2009 03/26/201 1 08/08/201 1 05/11/2012 05/11/2012 05/11/2012 10/06/2012 TYPE FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FA FN FN FN FN FN FN FN SECURITY FHLB 4.625% DUE 8/15/12 NON-CALL FNMA 2.625% DUE 8/27/12 CALL 8/27/10 FHLB 4.0% DUE 9/6/13 NON-CALL FNMA 5.20% DUE 9/10/12 CALL 9/13/09 FHLMC 2.0% DUE 9/12/12 CALL 3/12/10 FHLB 5.00% DUE 9/14/12 NON-CALL FHLB 4.5% DUE 9/14/12 NON-CALL FHLMC 5.05% DUE 10/15/12 CALL 10/15/09 FFCB 4.5% DUE 10/17/12 NON-CALL FHLB 5.00% DUE 10/22/12 CALL 4/22/10 FNMA 5.00% DUE 10/30/12 CALL 10/30/09 FNMA 5.00% DUE 10/30/12 CALL 10/30/09 FNMA 6.41% DUE 11/13/12 NON-CALL FHLMC 4.375% DUE 12/21/12 CALL 12/21/09 FHLMC 4.375% DUE 12/21/12 CALL 12/21/09 FHLB 4.7% DUE 1/7/13 CALL 1/7/10 FHLB 4.25% DUE 01/14/13 CALL 10/14/08 FHLB 3.50% DUE 3/8/13 NON-CALL FHLB 4.00% DUE 5/14/13 CALL 5/15/10 FHLMC 4.0% DUE 6/10/13 CALL 6/10/09 FHLB 5.375% DUE 6/14/13 NON-CALL FFCB 4.625% DUE 7/8/13 CALL 7/8/10 FNMA 4.375% DUE 7/17/13 NON-CALL FHLB 4.375% DUE 9/13/13 NON-CALL FNMA 4.05% DUE 9/18/13 CALL 9/18/09 FHLMC 50.5% DUE 9/25/13 CALL 9/25/09 FHLB 3.5% DUE 11/25/13 CALL 11/26/10 FHLB 3.125% DUE 12/13/13 NON-CALL FNMA 2.00% DUE 2/12/14 CALL 2/12/10 FHLMC 2.50% DUE 3/26/14 CALL 6/26/09 STEP FHLBN 0% DUE 10/01/09 NON-CALL FICO 0.0% DUE 3/26/11 NON-CALL FICO STRIP 0.00% DUE 8/8/11 NON-CALL FICO STRIP 0.00% DUE 5/11/12 NON-CALL FICO STRIP 0.00% DUE 5/11/12 NON-CALL FICO 0.0% DUE 5/11/12 NON-CALL FICO 0.0% DUE 10/06/12 NON-CALL PAR VALUE 2,000,000.00 l 2,000,000.00 1 ,000,000.00 1,000,000.00 2,000,000.00 1,175,000.00 1 ,000,000.00 '09 1 ,000,000.00 2,000,000.00 2,000,000.00 19 3,000,000.00 !9 2,000,000.00 1 ,807,000.00 1/09 5,000,000.00 1/09 4,000,000.00 2,000,000.00 3 3,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 I 1 ,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 ) STEP 3,000,000.00 SUB-TOTAL 314,207,000.00 3,000,000.00 1 ,000,000.00 .L 2,000,000.00 kLL 1,000,000.00 kLL 2,000,000.00 2,000,000.00 2,000,000.00 SUB-TOTAL 13,000,000.00 INVESTED AMOUNT 2,150,960.00 2,000,000.00 1 ,007,890.00 1,000,000.00 2,000,000.00 1,238,814.19 1,022,730.00 1 ,006,875.00 2,034,780.00 2,000,000.00 3,033,000.00 2,030,000.00 1,990,388.82 5,000,000.00 4,000,000.00 2,056,800.00 3,000,000.00 2,963,940.00 2,000,000.00 2,998,500.00 1,065,788.37 2,053,420.00 2,035,600.00 2,154,940.00 1 ,987,600.00 1,022,910.00 2,000,000.00 2,047,941 .08 2,000,000.00 3,000,000.00 318,891,888.22 2,914,250.00 956,370.00 1 ,889,240.00 916,713.56 1 ,826,280.00 1,818,680.00 1 ,793,820.00 12,115,353.56 RETURN RATE 2.391% 2.625% 3.818% 5.200% 2.710% 3.640% 3.889% 4.892% 4.100% 5.000% 4.746% 4.653% 3.890% 4.675% 4.675% 4.061% 4.250% 3.765% 4.000% 4.717% 3.800% 3.983% 3.970% 2.625% 4.192% 5.500% 4.361% 2.600% 3.500% 4.208% 3.825% 3.109% 2.200% 2.300% 2.710% 2.850% 3.000% 3.050% 2.817% INTEREST 176,901.11 183,750.00 184,776.67 260,000.00 190,000.00 192,237.89 160,020.00 243,661.11 401,970.00 500,000.00 705,333.33 460,000.00 331 ,405.40 1,168,750.00 935,000.00 409,022.22 637,500.00 560,476.67 320,000.00 714,000.00 181,163.02 371 ,823.06 392,177.78 259,712.78 405,250.00 243,840.00 440,000.00 258,135.31 355,000.00 615,000.00 42,234,057.46 171,500.00 43,630.00 110,760.00 83,286.44 173,720.00 181,320.00 206,180.00 970,396.44 INVESTMENT RETURN 2,327,861.11 2,183,750.00 1,192,666.67 1 ,260,000.00 2,190,000.00 1,431,052.08 1,182,750.00 1,250,536.11 2,436,750.00 2,500,000.00 3,738,333.33 2,490,000.00 2,321,794.22 6,168,750.00 4,935,000.00 2,465,822.22 3,637,500.00 3,524,416.67 2,320,000.00 3,712,500.00 1,246,951.39 2,425,243.06 2,427,777.78 2,414,652.78 2,392,850.00 1 ,266,750.00 2,440,000.00 2,306,076.39 2,355,000.00 3,615,000.00 361,125,945.68 3,085,750.00 1 ,000,000.00 2,000,000.00 1,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 13,085,750.00 TERM (Days) 1,294 1,277 1,759 1,827 1,280 1,593 1,484 1,813 1,773 1,827 1,798 1,790 1,624 1,827 1,827 1,811 1,827 1,824 1,826 1,826 1,677 1,678 1,785 1,731 1,771 1,771 1,826 1,788 1,826 1,826 1,144 343 744 908 1,178 1,171 1,166 1,314 975 INVESTMENT REPORT AS OF MARCH 31, 2009 INVESTMENT DATE 11/10/2008 11/12/2008 03/02/2009 04/24/2007 05/23/2007 11/03/2006 11/01/2007 01/30/2008 01/31/2008 04/09/2008 12/15/2008 03/19/2008 11/01/2007 03/19/2008 02/03/2006 01/31/2008 03/16/2007 10/11/2007 09/28/2007 02/17/2006 03/30/2006 06/20/2006 04/19/2006 06/12/2006 04/16/2007 05/21/2007 05/30/2008 05/30/2008 05/29/2007 03/20/2007 10/11/2007 11/15/2007 04/30/2008 L 08/31/2007 MATURITY DATE 08/31/2013 09/30/2013 03/02/2010 08/03/2009 08/10/2009 09/10/2009 10/27/2009 01/15/2010 01/15/2010 01/15/2010 05/18/2010 06/15/2010 07/01/2010 07/01/2010 07/29/2010 08/09/2010 08/15/2010 08/15/2010 08/16/2010 02/14/2011 02/14/2011 02/14/2011 03/01/2011 04/28/201 1 04/28/201 1 05/18/2011 08/26/201 1 09/15/2011 11/15/2011 02/15/2012 02/15/2012 02/15/2012 04/16/2012 06/15/2012 TYPE TR TR CD CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN CN SECURITY Federal Investments Total US TREASURY US TREASURY SUB-TOTAL WELLS FARGO BANK 9218910637 SUB-TOTAL BANK OF AMERICA 4.625% DUE 8/3/09 NON-CALL WAL-MART 6.875% DUE 8/10/09 NON-CALL MERRILL LYNCH 4.125% DUE 9/10/09 NON-CALL GENERAL ELECTRIC 5.250% DUE 10/27/09 NON-CA1 BERKSHIRHATWY4.125% DUE 1/15/10 NON-CALL BERKSHIRHATWY 4.125% DUE 1/15/10 NON-CALL WELLS FARGO CO 4.2% DUE 1/15/10 NON-CALL TOYOTA 3.834% DUE 5/18/10 NON-CALL GOLDMAN SACHS 4.50% DUE 6/15/10 NON-CALL WAL-MART 4.1 25% DUE 7/01/10 NON-CALL WAL-MART 4.125% DUE 7/01/10 NON-CALL US BANCORP 4.50% DUE 7/29/10 NON-CALL WELLS FARGO 4.625% DUE 08/09/10 NON-CALL WAL-MART 4.75% DUE 8/15/10 NON-CALL WAL-MART 4.75% DUE 8/15/10 NON-CALL NEW YORK LIFE 4.625% DUE 8/16/10 NON-CALL CITIGROUP 5.1 25% DUE 2/1 4/11 NON-CALL CITIGROUP 5.125% DUE 2/14/1 1 NON-CALL CITIGROUP 5.1 25% DUE 2/1 4/11 NON-CALL HOME DEPOT 5.20% DUE 3/1/1 1 NON-CALL GENERAL ELECTRIC 5.50% DUE 4/28/1 1 NON-CALL GENERAL ELECTRIC 5.50% DUE 4/28/1 1 NON-CALL TOYOTA 5.450% DUE 5/18/1 1 NON-CALL WELLS FARGO CO 5.30% DUE 8/26/1 1 NON-CALL GENWORTH GLOBAL 5.375% DUE 9/15/1 1 NON-CAL GENERAL ELECTRIC 5.50% DUE 1 1/15/1 1 CALL 11/1 GENERAL ELECTRIC 5.875% DUE 2/15/12 NON-CAL1 GENERAL ELETRIC 5.875% DUE 2/15/12 NON-CALL GENERAL ELETRIC 5.875% DUE 2/15/12 NON-CALL PRINCIPAL LIFE INC 4.5% DUE 4/16/12 NON-CALL GENERAL ELECTRIC 6.00% DUE 6/15/12 NON-CALL PAR VALUE 17,207,000.00 1 ,000,000.00 1 ,000,000.00 2,000,000.00 33,000.00 33,000.00 2,000,000.00 5,000,000.00 5,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 1 ,000,000.00 2,000,040.00 1 ,000,000.00 1 ,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 3,000,000.00 2,000,000.00 1,000,000.00 5,000,000.00 2,000,000.00 2,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 4,000,000.00 1,000,000.00 2,000,000.00 1 ,850,000.00 5,956,000.00 3,000,000.00 2,000,000.00 1,000,000.00 1 ,000,000.00 INVESTED AMOUNT 331,007,241.78 1 ,031 ,328.00 1 ,030,781 .25 2,062,109.25 33,000.00 33,000.00 1,983,918.00 5,187,303.82 4,884,751.43 2,030,120.00 2,040,548.16 2,038,582.81 1,018,383.81 1 ,995,435.91 1 ,025,648.53 991,910.00 2,060,389.92 2,952,150.09 2,063,614.72 3,002,689.16 1 ,993,580.00 987,620.00 5,000,000.00 1,991,793.10 1 ,969,446.60 2,974,590.00 3,006,145.34 3,048,646.38 4,054,280.00 1,032,919.79 2,016,628.76 1 ,850,000.00 6,187,688.40 3,089,347.40 2,089,414.35 1 ,000,000.00 1 ,033,437.31 RETURN RATE 2.430% 2.452% 2.441% 0.900% 0.900% 5.000% 5.060% 5.000% 4.450% 3.050% 3.100% 3.120% 4.000% 3.300% 4.448% 2.750% 4.900% 3.300% 4.720% 4.870% 5.090% 5.125% 5.220% 5.500% 5.400% 5.450% 5.050% 5.070% 4.200% 5.100% 5.500% 4.970% 5.100% 4.700% 4.500% 5.200% INTEREST 43,204,453.90 118,792.86 121,777.13 240,569.99 620.00 620.00 226,519.50 573,720.49 703,633.99 178,713.33 121,014.34 122,750.52 55,816.19 75,492.97 75,101.47 118,090.00 127,985.08 653,849.91 169,690.84 483,790.01 276,642.22 145,734.17 1,279,114.58 507,609.68 507,178.40 784,610.00 798,687.99 616,853.62 815,903.33 138,741.32 344,093.46 453,918.06 1 ,483,867.09 676,360.93 409,960.65 178,375.00 253,896.02 INVESTMENT RETURN 374,211,695.68 1,150,120.86 1,152,558.38 2,302,679.24 33,620.00 33,620.00 2,210,437.50 5,761 ,024.31 5,588,385.42 2,208,833.33 2,161,562.50 2,161,333.33 1,074,200.00 2,070,928.88 1,100,750.00 1,110,000.00 2,188,375.00 3,606,000.00 2,233,305.56 3,486,479.17 2,270,222.22 1,133,354.17 6,279,114.58 2,499,402.78 2,476,625.00 3,759,200.00 3,804,833.33 3,665,500.00 4,870,183.33 1,171,661.11 2,360,722.22 2,303,918.06 7,671 ,555.49 3,765,708.33 2,499,375.00 1,178,375.00 1 ,287,333.33 TERM (Davs) 2,119 1,755 1,783 1,769 365 365 832 810 1,042 726 716 715 646 519 818 973 834 1,637 921 1,248 1,039 1,053 1,823 1,782 1,700 1,777 1,781 1,473 1,458 1,183 1,203 1,631 1,793 1,588 1,553 1,447 1,750 INVESTMENT REPORT AS OF MARCH 31,2009 INVESTMENT DATE 05/30/2008 07/17/2008 08/31/2007 10/31/2007 11/23/2007 01/30/2008 04/24/2008 05/07/2008 05/30/2008 05/09/2008 12/23/2008 MATURITY DATE 06/15/2012 07/15/2012 08/15/2012 10/19/2012 10/19/2012 10/23/2012 04/10/2013 04/10/2013 04/30/2013 05/09/2013 05/15/2013 TYPE CN CN CN CN CN CN CN CN CN CN CN O O O O O O O O SECURITY GENERAL ELECTRIC 6.00% DUE 6/15/12 NON-CALL PROTECTIVE LIFE 5.050% DUE 7/15/12 NON-CALL JOHNSON & JOHNSON 5.15% DUE 8/15/12 NON-CAl GENERAL ELECTRIC 5.250% DUE 10/19/12 NON-CAl GENERAL ELECTRIC 5.250% DUE 10/19/12 NON-CAl WELLS FARGO 5.250% DUE 10/23/12 NON-CALL MET LIFE GLOBAL FUNDING 5.125% DUE 4/10/13 NC MET LIFE GLOBAL FUNDING 5.125% DUE 4/10/13 NC ALLSTATE LIFE 5.375% DUE 4/30/13 NON-CALL NEW YORK LIFE 4.650% DUE 5/9/13 NON-CALL BERKSHIRHATWY 4.60% DUE 5/15/13 NON-CALL WELLS FARGO BANK CORPORATE CASH MANAGEMENT ACCOUNT LIBRARY ACCOUNT UNION TRUST L A I F WATER DISTRICT L A I F PUBLIC IMPROVEMENT CORPORATION L A I F PUBLIC FINANCING CORPORATION L A I F CITY OF CARLSBAD I NON-CALL NON-CALL /1 2 NON-CAl i/1 2 NON-CAl i/1 2 NON-CAl DN-CALL JE4/10/13NC JE4/10/13NC 'N-CALL N-CALL ION-CALL SUB-TOTAL DOUNT NATION ON SUB-TOTAL PAR VALUE 1,000,000.00 3,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 1,000,000.00 1 ,000,000.00 2,000,000.00 2,000,000.00 1 ,000,000.00 1,000,000.00 92,806,040.00 734,678.00 1,101,344.13 848.42 - 29,963,000.00 33,574,000.00 26,532,376.02 30,787,000.00 122,693,246.57 INVESTED AMOUNT 1 ,052,958.51 3,000,000.00 1,017,457.28 2,036,663.70 2,065,283.50 1,042,814.41 1 ,003,232.48 2,019,402.04 2,023,559.81 1 ,006,649.66 1 ,023,835.68 93,892,840.86 734,678.00 1,101,344.13 848.42 - 29,963,000.00 33,574,000.00 26,532,376.02 30,787,000.00 122,693,246.57 RETURN RATE 4.550% 5.050% 4.750% 4.830% 4.500% 4.240% 5.050% 4.900% 5.100% 4.500% 4.000% 4.744% 0.100% 0.100% 0.000% 0.320% 1 .920% 1.920% 1.920% 1.920% 1.893% INTEREST 189,541.49 605,158.33 237,753.83 484,836.30 449,799.83 205,539.76 251 ,024.46 485,410.46 504,981 .86 225,850.34 177,542.10 17,175,153.92 2.01 3.02 - - 1 ,598.03 1,790.61 1,415.06 1,641.97 6,450.70 INVESTMENT RETURN 1 ,242,500.00 3,605,158.33 1,255,211.11 2,521 ,500.00 2,515,083.33 1,248,354.17 1 ,254,256.94 2,504,812.50 2,528,541 .67 1 ,232,500.00 1,201,377.78 1 1 1 ,067,994.78 734,680.01 1,101,347.15 848.42 - 29,964,598.03 33,575,790.61 26,533,791 .08 30,788,641.97 122,699,697.27 TERM (Days) 1,477 1,459 1,811 1,815 1,792 1,728 1,812 1,799 1 ,796 1,826 1,604 1,366 1 1 1 1 1 1 1 1 GRAND TOTAL 544,739,286.57 549,688,438.46 3.523% 17,674,644.25 610,315,686.97 EXHIBIT 8 CITY OF CARLSBAD Fund Equity in Pooled Investments AS OF MARCH 31, 2009 Cash Balance by Fund: General 58,746,836 Special Revenue 45,596,148 Debt Service 4,132,741 Capital Projects: General Capital Construction 65,994,989 Traffic Impact Fees 14,146,325 Public Facilities Fees 41,901,625 Park Development 2,421,567 Transnet Taxes 5,646,804 Drainage Fees 8,323,767 Special Districts 85,519,494 Infrastructure Replacement 46,489,368 Other Capital Construction 5,021,597 Total 275,465,536 Enterprise: Carlsbad Municipal Water District 61,744,448 Sewer Fund 54,531,539 Solid Waste 6,984,639 Storm Water 1,303,910 Golf Course 782,955 Total 125,347,491 Internal Service 25,118,749 Agency Funds 16,745,823 Redevelopment Funds (1) 0 Misc. Special Funds 0 Total General Ledger Balance ** 551,153,325 Reconciling Adjustments (2) (3,793,625) Total Treasurer's Investment Portfolio at Amortized Cost 547,359,700 (1) Redevelopment Fund Balances are interspersed throughout all funds. (2) The Reconciling Adjustments consist of differences between the General Ledger which is prepared on an accrual basis and the Treasurer's report which is prepared on the cash basis. Accrued Interest, amortized premium or discounts and outstanding checks and deposits in transit are not included in the Treasurer's summary. Differences between the time journal entries are posted and the time this report is produced may also be a component of the adjustment. ** Figures based on best estimate at the time report run on 04/7/09 )7 EXHIBIT 9 CITY OF CARLSBAD INVESTMENT PORTFOLIO As of March 31, 2009 CORPORATE NOTE AND COMMERCIAL PAPER RATINGS Corporate Note Investments Meeting the Current Investment Policy: (Ratings must be AA or better by both Moody's and S&P) Moody's S&P BERKSHIRE HATHAWAY GENERAL ELECTRIC JOHNSON & JOHNSON MET LIFE GLOBAL NEW YORK LIFE PRINCIPAL LIFE TOYOTA US BANCORP WAL-MART WELLS FARGO AAA AAA AAA AA2 AAA AA2 AA1 AA2 AA2 AA3 AAA AAA AAA AA- AAA AA- AA+ AA AA AA Commercial Paper Investments Meeting the Current Investment Policy: (Ratings must be A1/P1 or better by both Moody's and S&P) (Ratings of other debt must be AA or better by Moody's and S&P) NONE Investments with Subsequent Changes in Credit Rating * Moodv's S&P ALL STATE LIFE BANK OF AMERICA CITIGROUP GENWORTH GLOBAL GOLDMAN SACHS HOME DEPOT MERRILL LYNCH PROTECTIVE LIVE A1 AA2 A3 A1 A1 BAA1 A1 A2 AA- A+ A A A BBB+ A AA- Latest Carrying Maturity Date Purchased Value 04/30/2013 05/30/2008 2,019,553 08/03/2009 04/24/2007 1 ,997,604 02/14/2011 06/20/2006 8,984,568 09/15/2011 05/07/2008 2,012,169 06/1 5/201 0 03/1 9/2008 1 ,01 3,81 1 03/01/2011 06/12/2006 2,989,993 09/10/2009 11/03/2006 4,982,157 07/15/2012 07/17/2008 3,000,000 Market Value 1 ,934,540 1 ,980,600 8,263,890 1 ,356,660 997,860 3,017,190 4,931 ,400 2,804,190 * The City's Investment Policy allows the City Treasurer to determine the course of action that would correct exceptions to the policy. All of these investments are paying interest at the required times. The principal of all investments are considered secure. It is the intent of the City Treasurer to hold these assets in the portfolio until maturity unless events indicate they should be sold. CITY OF CARLSBAD INVESTMENT PORTFOLIO AS OF MARCH 31, 2009 WEIGHTINGS FOR CORPORATE AND FEDERAL AGENCY ISSUERS EXHIBIT 10 PERCENTAGE WEIGHTINGS BY CORPORATE NOTE ISSUER ALL STATE LIFE BANK OF AMERICA BERKSHIRE HATHAWAY CITIGROUP GENERAL ELECTRIC CAP GENWORTH GLOBAL GOLDMAN SACHS HOME DEPOT JOHNSONS JOHNSON MERRILL LYNCH MET LIFE GLOBAL FUND NEW YORK LIFE PRINCIPAL LIFE PROTECTIVE LIFE TOYOTA US BANKCORP WAL-MART WELLS FARGO PERCENTAGE WEIGHTINGS BY FEDERAL AGENCY ISSUER FAMCA FICO FEDERAL FARM CREDIT BANK FEDERAL HOME LOAN BANK DISCOUNT NOTE FEDERAL HOME LOAN BANK FEDERAL HOME LOAN MORTGAGE CORP FEDERAL NATIONAL MORTGAGE ASSOC HOUSING URBAN DEVELOPMENT (HUD) TVA U.S.TREASURY Total Portfolio * No more than 5% may be invested with a single corporate issuer. "There are no percentage limits on federal agency issuers. Investment Cost 2,023,559.81 1,983,918.00 5,102,966.65 8,961,239.70 27,489,704.89 2,016,628.76 1,025,648.53 2,974,590.00 1,017,457.28 4,884,751.43 3,022,634.52 1,994,269.66 1,000,000.00 3,000,000.00 6,049,715.91 2,952,150.09 13,235,872.90 5,157,732.51 NCY ISSUER Investment Cost 5,795,867.32 9,201,103.56 32,522,545.56 2,914,250.00 157,944,083.40 78,393,175.78 41,115,038.16 990,198.00 2,130,980.00 2,062,109.25 Percent of Portfolio 0.37% 0.36% 0.93% 1 .63% 5.00% 0.37% 0.19% 0.54% 0.19% 0.89% 0.55% 0.36% 0.18% 0.55% 1.10% 0.54% 2.41% 0.94% Percent of Portfolio" 1.05% 1 .67% 5.92% 0.53% 28.73% 14.26% 7.48% 0.18% 0.39% 0.38% $549,688,438.46 City of Carlsbad Bond Proceeds Investment Report March 31, 2009 Fund Type Assessment District 03-01 Project Fund Redemption Fund Investments (College/Cannon) LAIF LAIF Re-Assessment District 97-01 (Alga Road & College Blvd) Imprvmnt Fund - Alga AIM STIT Treasury Reserve Fund Trinity Plus Investment Agreement Assessment District 95-01 Reserve Fund Assessment District 96-01 Reserve Fund Assessment District 02-01 Improvement Fund Redemption Fund EFJPA Reserve Fund (Carlsbad Ranch) Repub Natl Bank Repo Agreement (HSBC) (Rancho Carrillo) Repub Natl Bank Repo Agreement (HSBC) (Poinsettia Lane) AIM LAIF AIG Investment Agreement Communities Facilities District #3 Improvement Area 1 Project Fund AIM STIT Treasury Reserve Fund BNY Hamilton Money Market Other BNY Hamilton Money Market Communities Facilities District #3 Improvement Area 2 Project Fund LAIF Reserve Fund BNY Hamilton Money Market Other LAIF/BNY CPFA Golf Course Bonds Capitalized Interest Fund Reserve Fund Other BNY Hamilton Money Market BNY Hamilton Money Market BNY Hamilton Money Market Stated Int. Rate 1.91% 1.91% N/A 6.40% 5.83% 6.03% N/A 1.91% 5.36% N/A various various 1.91% various various various various various Maturity Date N/A N/A N/A 09/02/1 1 N/A 09/02/28 N/A N/A 08/01/14 N/A 09/01/36 N/A N/A 09/01/38 N/A N/A N/A N/A $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Par Value 941 ,235 1,174,568 277,499 892,500 869,896 1 ,292,770 4,597,991 2,444,586 953,706 2,831,807 779,162 24,465 568,867 1 ,069,824 4,039,847 1 ,238,328 4,394 24,001,445 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Cost Fiscal Agent: 941 ,235 1,174,568 Fiscal Agent: 277,499 892,500 Fiscal Agent: 869,896 Fiscal Agent: 1 ,292,770 Fiscal Agent: 4,597,991 2,444,586 Fiscal Agent: 953,706 Fiscal Agent: 2,831,807 779,162 24,465 Fiscal Agent: 568,867 1 ,069,824 4,039,847 Fiscal Agent: 1 ,238,328 4,394 24,001,445 Source BNY Western Trust LAIF LAIF US Bank AIM Instil. Fund Services JP Morgan/Chase Bank BNY Western Trust HSBC Bank of New York BNY Western Trust HSBC Bank of New York BNY Western Trust AIM Instil. Fund Services LAIF BNY Western Trust GIG BNY Western Trust AIM Instil. Fund Services BNY Western Trusl BNY Western Trusl BNY Western Trust LAIF BNY Western Trust LAIF/BNY BNY Western Trust BNY Western Trusl BNY Western Trusl BNY Western Trust Xn: CO H:\Long Term DebAQuarteriy Investment Reports\Qtr Inv Rpt.xlsx City of Carlsbad Summary of Outstanding Housing Loans As of March 31, 2009 Loans issued Loan amount Developer loan # of by City to Loans issued by Developer due to City amount due to First date loans developers/ Developer to # of loans City loan loan repaid (recorded as City (not on City's Borrower Development Purpose issued issued homeowners homeowners outstanding repaid to City to City AR) books) Type of Loan _ Individual homebuyers Individual homebuyers Individual homebuyers Individual homebuyers Individual homebuyers Individual homebuyers Catholic Charities City-wide (CHAP) Calavera Hills Cherry Tree Walk Serrano Rancho Carlsbad Solamar Homeless shelter CB Laurel Tree Apartments Laurel Tree CB Housing Partnership Pacific Vista Las Flores Poinsettia Housing Assoc Bridge Housing Corp Dove Family Housing CIC Calavera LP Individual homebuyers Individual homebuyers El Camino Family Housing Individual homebuyers Individual homebuyers Habitat for Humanity CIC La Costa Rancho Carrillo Vista Las Flores Poinsettia Station Villa Loma La Costa Paloma Mariposa Apts Mulberry at Bressi Ranch Village by the Sea Cassia Heights Laguna Point The Bluffs Roosevelt St. Condos Hunter's Point Sale Sale Sale Sale Sale Sale Shelter Rentals Rentals Rentals Rentals Rentals Rentals Rentals Sale Sale Rentals Sale Sale Sale Rentals 06/28/99 10/15/99 06/28/99 05/25/01 05/20/99 09/26/88 09/19/97 12/24/98 03/05/01 02/27/01 10/21/99 11/04/94 07/15/03 09/15/04 04/29/05 10/28/05 03/07/06 07/06/06 06/14/07 08/30/07 08/19/08 133 5 42 90 22 9 1 2 1 1 1 2 1 1 100 11 1 3 8 1 1 $1 ,680,000 $ 75,000 453,600 1 ,350,000 752,533 147,726 200,000 1,134,000 1,157,584 363,948 920,000 2,212,000 2,070,000 1 ,060,000 1,840,000 220,000 1 ,454,276 210,000 200,000 797,539 1 ,932,000 38 150,000 1 452,600 14 4,050,000 34 15 1 1 2 1 1 1 2 1 1 19,660,200 100 4,087,200 7 1 3 8 1 1 ($1,225,659) $ (60,000) (120,000) (302,400) (283,250) (840,133) (2,520,000) (256,410) (135,065) - (352,122) _ . (1,282,860) (696,061) - . - - $454,340.59 $ 15,000 151,200 509,867 496,123 12,661 200,000 781,878 1,157,584 363,948 920,000 929,140 1 ,373,939 1 ,060,000 1 ,840,000 220,000 1 ,454,276 210,000 200,000 797,539 1 ,932,000 payment deterred it> years. NO interest is due unless home is sold before 1 6th year Payment deferred 30 years. No interest is 30,000 due unless home is sold before 31th year Payment deferred 30 years. No interest is 169,350 due unless home is sold before 31th year Payment deferred 30 years. No interest is 1 ,530,000 due unless home is sold before 31th year Principal is due when home is sold Principal is due when home is sold Principal is due when property is sold Principal and 3% interest each year for 30 years when surplus cash is available Principal and 3% interest each year for 55 years when surplus cash is available Principal and 3% interest each year for 55 years when surplus cash is available Principal and 3% interest each year for 55 years when surplus cash is available Principal and 3% interest each year for 15 years when surplus cash is available Principal and 3% interest each year for 55 years when surplus cash is available principal ana 3Vo interest eacn year Tor t>s years when surplus cash is available Payment deferred 30 years. No interest is 19,660,200 due unless home is sold before 31th year Payment deferred 30 years. No interest is 4,087,200 due unless home is sold before 31th year Principal and 3% interest each year for 55 years when surplus cash is available Payment deferred 45 years. No interest is due unless home is sold before 46th year Payment deferred 30 years. No interest is due unless home is sold before 31th year Refer to Agenda Bill 1 8,569 / Resolution 2006-131 & AB 19.183/ R2007-255 mX 1 — 1 436 $ 20,230,206 $ 28,400,000 234 $ (5,150,710) $ (2,923,250) $ 15,079,496 $ 25,476,750 During the 3rd quarter of FY2008-09, $4,993 from CHAP loan repayments were received and a $108,146 loan was provided to Habitat for Humanity. The outstanding combined loan receivable balance is now $15,079,496. CO ro