Treasury Report School District of Palm Beach Cou 6/30/2016

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1 Treasurer's Notes Treasury Report School District of Palm Beach Cou 6/30/206 Total Investment and Debt Portfolios exceeded $565 Million The total portfolio is currently composed of 7% securities, 37% money markets and LGIP's, and 46% cash. The Short Term Portfolio has $50 M currently invested and has exceeded the benchmark. The Core Portfolio slightly underperformed the benchmark for this quarter. The YTD Interest Earnings through June 206 is $.9M which exceeded the projections for General Fund Budget. Tax collections are at 98% which is slightly less than last year which was 00% for same period. 6/30/206 Annualized Quarter Benchmark Interest Rates Merrill Lynch -3 Year U.S. Treasury Note Index 0.53% Core PFM Portfolio 0.48% Wells Fargo Earnings Credit Rate 0.40% Wells Fargo Excess Cash 0.25% Bank of America Earnings Credit Rate 0.25% Bank of America Excess Cash 0.20% SBA- Fund A 0.64% FEITF 0.63% TD Bank 0.25% Merrill Lynch 3 Month U.S. Treasury Bill Index 0.26% Short Term PFM Portfolio 0.46% Report Contents Page - Quarter Summary Page 2 - Portfolio Summary Page 5 - Investment Listing Page 8 - Sales Tax Report

2 Percentage of Total Portfolio District Quarterly Investment Report as of June 30, 206 Maturity June 30, 206 Overnight $ 465,076, % 0 to 6 Months 5,20, % 6-2 Months 5,94, % -2 Years 20,035, % 2-3 Years 20,620, % 3-4 Years 2,420, % $ 565,23, % Investment Portfolio Composition SBA-Fund A $ 32, Morgan Stanley - Goldman Sachs - FEITF LGIP 90,658, Wells Fargo 27,948, Bank of America 38,279,40.2 Bank of America- Schools 8,642, TD Bank 52,876, Securities (Core Portfolio) 48,070, Securities (Short Term Portfolio) 50,000, $ 426,507,52.09 Debt Portfolio Composition Cash $ 9,874, Money Markets 67,327,05.83 FEITF LGIP 49,437, Commercial Paper 2,066, $ 38,705, Portfolio Maturity Distribution 90% 80% 82.28% 70% 60% 50% 40% June 30, % 20% 0% 0% 9.04%.05% 3.54% 3.65% 0.43% Maturity Overnight 0 to 6 Months 6-2 Months -2 Years 2-3 Years 3-4 Years

3 District Quarterly Investment Report as of June 30, 206 Security Type June 30, 206 % of Portfolio Policy Limit U.S. Treasuries $ 29,60, % 00.00% Federal Agencies,240, % 50.00% Commercial Paper 52,066, % 35.00% Certificates of Deposit % 25.00% Bankers Acceptances % 35.00% Repurchase Agreements % 50.00% Municipal Obligations,000, % 20.00% Corporate Notes/Bonds 6,220, % 5.00% Corporate Notes/Bonds- FDIC Insured % 5.00% Mortgage Backed % 20.00% Money Markets 67,327, % 75.00% Cash 257,62, % 00.00% Local Government Investment Pools 40,28, % 25.00% $ 565,23, % Local Government Investment Pools, 24.79% U.S. Treasuries, 5.24% Federal Agencies,.99% Commercial Paper, 9.2% Municipal Obligations, 0.8% Corporate Notes/Bonds,.0% Money Markets,.9% Cash, 45.58%

4 Palm Beach Schools Portfolio Management Portfolio Summary June 30, 206 Palm Beach County School Distr 3300 Forest Hill Blvd Ste A-334 West Palm Beach, West Palm (56) Investments Par Market Book % of Portfolio Term Days to Maturity YTM/C 360 Equiv. YTM/C 365 Equiv. State Board of Administration LGIP 32, , , Florida Education Inv Trust LGIP 40,095, ,095, ,095, Money Market Accounts 67,327, ,327, ,327, Bank Deposits 257,62, ,62, ,62, Commercial Paper- Discount 2,066, ,066, ,066, Corporate Notes 6,220, ,249, ,2, Commercial Paper 50,000, ,977, ,964, Federal Agency Coupon Securities,240,000.00,295,36.00,236, Treasury Coupon Securities 29,60, ,928, ,705, , Municipal Bonds,000,000.00,002,300.00,000, Investments 565,23, ,596, ,26, % Cash and Accrued Interest Accrued Interest at Purchase Subtotal Total Cash and Investments 565,23, , , ,768, , , ,433, Total Earnings Year June 30 Month Ending 35, Average Daily Balance 64,275, Effective Rate of Return 0.26% Leanne Evans, Treasurer Reporting period 06/0/206-06/30/206 Portfolio INV AP Run Date: 08/09/206-2:3 No fiscal year history available PM (PRF_PM) Report Ver

5 Palm Beach Schools Duration Report Sorted by Investment Type - Investment Type Through 06/30/206 Palm Beach County School Distr 3300 Forest Hill Blvd Ste A-334 West Palm Beach, West Palm (56) Security ID Investment # Fund Issuer Investment Class Book SYS M State Board of Administration Amort 32, , , B 2508B 000-MB State Board of Administration Amort SYS FEITF Amort 90,658, ,658, ,658, SYS BONY FEITF Amort 49,437, ,437, ,437, SYS BONY Bank of New York Amort 67,327, ,327, ,327, SYS MMF Goldman Sachs Group Inc Amort SYS MMF Morgan Stanley Amort SYS B Banc of America Amort 38,279, ,279, ,279, SYS B Banc of America Amort SYS B TD Bank Amort 52,876, ,876, ,876, SYS BONY Bank of New York Amort 9,874, ,874, ,874, SYS S Banc of America Amort 8,642, ,642, ,642, SYS B Wells Fargo Amort 27,948, ,948, ,948, SYS BONY FORTIS FDG LLC DISC COMM PAPTE Amort 2,066, ,066, ,066, BX Bershire Hathaway Fin Fair,9,975.82,20,000.00,20, /5/ TCA Toyota Motor Credit Corp CP Fair,20,795.4,200,000.00,208, /2/ AJ Apple Inc Fair,9,05.4,200,000.00,203, /03/ AV Chevron Corp Notes Fair,99,23.8,200,000.00,206, /02/ HK IBM Corp Global Notes Fair,99,940.05,200,000.00,207, /08/ CE Bershire Hathaway Fin Fair 299, , , /07/ BGL S Bank of Tokyo Mitsubishi Amort 24,990, ,000, ,995, /20/ AHN S Rabobank Nederland NV NY CP Amort 24,974, ,000, ,982, /22/ EADJ Federal Home Loan Mtg Corp Fair,209,945.43,20,000.00,25, /28/ EADJ Federal Home Loan Mtg Corp Fair,954,952.36,955,000.00,963, /28/ G0ZL Federal National Mtg Assn Fair,058,482.24,060,000.00,064, /27/ EADC Federal Home Loan Mtg Corp Fair,076,528.2,075,000.00,078, /08/ G0J Federal National Mtg Assn Fair,27,46.09,220,000.00,225, /26/ G0ZL Federal National Mtg Assn Fair,204,294.42,200,000.00,205, /27/ A8BD Federal Home Loan Bank Fair,267,077.68,270,000.00,275, /29/ Portfolio INV AP Run Date: 08/09/206-2:32 Page DU (PRF_DU) 7.. Report Ver Par Market Rate YTM 360 Yield Maturity/ Call Date Modified Duration

6 Security ID Investment # Fund Issuer Palm Beach Schools Duration Report Sorted by Investment Type - Investment Type Through 06/30/206 Investment Class Book 335G0J Federal National Mtg Assn Fair 998,090.00,000,000.00,004, /26/ A8DB Federal Home Loan Bank Fair,249,488.39,250,000.00,26, /2/ TM U.S. Treasury Fair 2,00, ,00, ,0, /3/ SS U.S. Treasury Fair 2,800, ,800, ,808, /30/ TG U.S. Treasury Fair 527, , , /3/ UZ U.S. Treasury Fair,685,85.07,700,000.00,70, /30/ TG U.S. Treasury Fair 2,99, ,000, ,999, /3/ VQ U.S. Treasury Fair 3,06, ,000, ,047, /3/ RH U.S. Treasury Fair 2,625, ,600, ,642, /30/ WD U.S. Treasury Fair 3,086, ,080, ,22, /3/ A U.S. Treasury Fair 2,78, ,700, ,755, /3/ A U.S. Treasury Fair 2,047, ,040, ,082, /3/ SH U.S. Treasury Fair 524, , , /28/ C U.S. Treasury Fair,08,660.80,065,000.00,09, /3/ WD U.S. Treasury Fair,305,9.77,295,000.00,33, /3/ RH U.S. Treasury Fair 860, , , /30/ TH U.S. Treasury Fair 2,43, ,420, ,429, /3/ M Region Trans Auth tax GO BONDS Fair,000,000.00,000,000.00,002, /04/ Par Market Rate YTM 360 Yield Maturity/ Call Date Modified Duration Report Total 565,26, ,23, ,596, Portfolio INV AP Run Date: 08/09/206-2:32 Page 2 DU (PRF_DU) 7.. Report Ver