INVESTMENT PORTFOLIO SUMMARY REPORT

INVESTMENT PORTFOLIO SUMMARY REPORT ESCAMBIA COUNTY BOARD OF COUNTY COMMISSIONERS INVESTMENT PORTFOLIO SUMMARY REPORT Prepared by: Pam Childers Clerk of the Circuit Court & Comptroller First Judicial Circuit, Escambia County

INVESTMENT PORTFOLIO SUMMARY REPORT INVESTMENT PORTFOLIO COMPOSITION SHORT TERM AND LONG TERM CORE PORTFOLIO PERFORMANCE STATISTICS Market Value SUMMARY OF INVESTMENT ALLOCATION August 31, 2014 SHORT TERM PORTFOLIO: August 31, 2014 Bank Accounts $ 16,616,543 $ 20,927,243 Market Value $ 111,756,249 $ 101,081,912 Money Market Accounts 59,935,865 59,948,838 State Board of Administration 25,203,841 10,205,830 Certificates of Deposit 10,000,000 10,000,000 Short Term Portfolio Yield: 0.20% 0.20% Money Market Mutual Fund 1,581,036 1,008,854 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 0.09% 0.09% U.S. Treasury Bond/Notes 62,392,742 62,236,189 Federal Agency Bond/Note 35,957,370 35,917,499 Weighted Average Days to Maturity Municipal Bonds 2,552,848 2,549,052 Short Term Portfolio Yield: 1 Days 1 Day Corporate Notes 18,967,734 19,694,055 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield: 45 Days 43 Days Commercial Paper 4,992,813 4,992,813 Fiscal YTD Earnings: $ 171,078 $ 187,685 Total Portfolio Assets: $ 238,200,792 $ 227,480,374 Current Month Earnings: $ 122,896 $ 95,870 LONG TERM CORE PORTFOLIO: August 31, 2014 Market Value $ 126,444,543 $ 126,398,463 Fiscal Year to Date Earnings: $ 1,810,274 $ 1,906,144 CORE Portfolio Yield to Maturity at Cost: 0.88% 0.88% Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.47% 0.55% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.82% 0.94% Monthly Total Return Performance CORE Portfolio 0.29% -0.04% Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.17% -0.06% Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.35% -0.18% Effective Duration (Years) CORE Portfolio 2.27 2.26 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 1.83 1.84 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 2.62 2.66 Fiscal YTD Earnings: $ 1,639,195 $ 1,718,459 Prepared by the Clerk of the Circuit Court and Comptroller Page 1

INVESTMENT PORTFOLIO REPORT SHORT TERM INVESTMENT PORTFOLIO: Earnings Short Term Portfolio Yield: 0.20% Current Month Earnings: $ 16,607 Benchmark: S&P GIP Index 30 Day Gross of Fees Yield 0.09% Year-to-Date Earnings: $ 187,685 PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Short Term Portfolio Credit Quality Investment Type Market Value Percent Allocation Bank of America Checking Account $ 20,927,243 20.7% Money Market Accounts 59,948,838 59.3% Certificates of Deposit 10,000,000 9.9% State Board of Administration 10,205,830 10.1% Total Short Term Portfolio Assets: $ 101,081,912 100.0% Bank Deposits 89.9% AAAm 10.1% LONG TERM INVESTMENT PORTFOLIO: Earnings CORE Portfolio Yield to Maturity at Cost: 0.88% Current Month Earnings: $ 79,264 Benchmark Merrill Lynch 1-3 Year U.S. Treasury Index: 0.55% Year-to-Date Earnings: $ 1,718,459 Benchmark Merrill Lynch 1-5 Year U.S. Treasury Index: 0.94% PORTFOLIO COMPOSITION DISTRIBUTION & CREDIT QUALITY: Long Term Core Portfolio Credit Quality Investment Type Market Value Percent Allocation U.S. Treasury Bond / Note $ 62,236,189 49.2% Federal Agency Bond / Note 35,917,499 28.4% Municipal Obligations 2,549,052 2.0% Corporate Note 19,694,055 15.6% Commercial Paper 4,992,813 4.0% Money Market Mutual Fund - Federated Government 1,008,854 0.8% AA- 1.7% A+ 3.7% A 5.0% A- 2.1% A-1+ 2.7% AAA 1.2% Total Long Term Core Portfolio Assets: $ 126,398,463 100.0% AA+ 81.3% Prepared by the Clerk of the Circuit Court and Comptroller Page 2

INVESTMENT POLICY COMPLIANCE REPORT Security Type Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 10,205,830 4.5% 25% Yes United States Treasury Securities 62,236,189 27.4% 100% Yes Federal Instrumentalities 35,917,499 15.8% 100% Yes Certificates of Deposit 10,000,000 4.4% 20% Yes Savings Accounts 59,948,838 26.4% 100% Yes Commercial Paper 4,992,813 2.2% 25% Yes Corporate Notes 19,694,055 8.7% 20% Yes State and/or Local Government Debt 2,549,052 1.1% 25% Yes Bank Accounts - Bank of America 20,927,243 9.2% 100% Yes Money Market Mutual Fund 1,008,854 0.4% 50% Yes Total Investment Holdings $ 227,480,374 100.0% Individual Issuer Breakdown Market Value Percent Allocation Permitted by Policy In Compliance Florida Prime (SBA) $ 10,205,830 4.5% 25% Yes United States Treasury Securities 62,236,189 27.4% 100% Yes Federal Home Loan Bank (FHLB) 9,549,658 4.2% 25% Yes Federal National Mortgage Association (FNMA) 19,935,494 8.8% 25% Yes Federal Home Loan Mortgage Corporation (FHLMC) 6,432,347 2.8% 25% Yes Branch Banking and Trust Money Market Account 4,794,747 2.1% 10% Yes Hancock Bank Money Market Account 17,520,543 7.7% 10% Yes Summit Bank Money Market Account 17,524,642 7.7% 10% Yes Servisfirst Money Market Account 20,108,907 8.8% 10% Yes Centennial Bank Certificate of Deposit 10,000,000 4.4% 10% Yes American Honda Finance 903,081 0.4% 5% Yes Apple Inc. Corporate Notes 728,474 0.3% 5% Yes Bank of New York Mellon Corporate Notes 750,295 0.3% 5% Yes Caterpillar Corporate Notes 1,452,120 0.6% 5% Yes Coca-Cola Company 579,311 0.3% 5% Yes General Electric Corporate Notes 4,035,542 1.8% 5% Yes John Deere Corporate Notes 768,299 0.3% 5% Yes JP Morgan Chase Corporate Notes 3,789,200 1.7% 5% Yes Pepsico, Inc. 2,668,443 1.2% 5% Yes Toyota Corporate Notes 1,102,565 0.5% 5% Yes Wells Fargo &Company Corporate Notes 2,916,725 1.3% 5% Yes Michigan State Municipal Bond 1,041,882 0.5% 10% Yes Calleguas Water District, CA REV Bond 1,507,170 0.7% 10% Yes Bank of Tokyo Commercial Paper 998,810 0.4% 10% Yes Coca-Cola Co. Commercial Paper 1,996,978 0.9% 10% Yes Sumitomo TR & Banking Commercial Paper 998,750 0.4% 10% Yes Toyota Motor Credit Commercial Paper 998,275 0.4% 10% Yes Money Market Mutual Fund - Institutional Government 1,008,854 0.4% 25% Yes Bank Accounts - Bank of America 20,927,243 9.2% 100% Yes Total Investment Holdings $ 227,480,374 100.0% Prepared by the Clerk of the Circuit Court and Comptroller Page 4