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Documentation_Pension General_Tab 5B_4/29/1998
• BOSTON CH ICAGO • L O O M I S -;S A Y L E S - 8 - COMPANY, L. P. DETROIT MILWAUKEE INVESTMENTMINNEAPOLIS-ST.PAUL COUNSEL NEW YORK PALM BEACH PASADENA SAN FRANCISCO WASHINGTON PETER V. VAN BEUREN 4400 PGA BOULEVARD,SUITE 600,PALM BEACH GARDENS,FLORIDA 33410 VICE PRESIDENT AND SENIOR PARTNER (407)775-6880 April 14; 1998 Mr. William Kascavelis, Director of Finance Village of Tequesta P.O. Box 3273 Tequesta,Florida 33458-0273 Re: Village of Tequesta Employees' Pension Trust Fund Dear Bill: The first quarter of.1998 is now history. Without question, it has been a splendid ride for those who invested in stocks and did not panic on every bit of bad news. The bigger question is what will we do for an encore and how does the balance of 1998 shape up. This is the $64 question and we like many other investors feel nervous about the near term future. What we do know is that the equity statistics for the first quarter are awesome—the Dow was up 11.73%, the S&P 500 was up 13.94%, and the Merrill Lynch Intermediate Corporate/Government Index was up 1.60%. These are heavy numbers to meet for the balance of the year. The second quarter has started with a bang, fueled by the announcement of the Travelers-Citicorp merger. For the first time, we closed the market above 9000. Will it hold? We remain somewhat cautious about the outlook since we are not certain that the impact of the Asian crisis has been fully recognized and worked through the system. We do feel that although valuations are high by historical standards,this does not necessarily spell doom. Interest rates continue to stay low with the 30-year bond trading in a narrow range of 5.5 to 6.0%and we do not see any ieason for this to change. Inflation continues to stay in a tight band and we see no reason for this to edge higher. We have some concern about 2nd and 3rd quarterly earnings especially with regard to the Asian impact. A few companies are beginning to use this reason to account for a slowdown in growth. Hopefully,this situation will not turn into a contagious Asian flu. As we know, there are huge sums of cash both from domestic sources and from overseas that are looking for a home and as long as this-continues,there will be a push to higher closing numbers. In the meantime, we recommend that all stay aware and not become euphoric about the future. It is better to be vigilant and be realistic that an adjustment of some proportion could set in at any time. We believe an element of caution is warranted. LOOM IS-SAYLES-8-COM PANY, L.P. Page Two April 14, 1998 The investment performance for the 3 months ending March 31, 1998 is as follows: Three Months Ending 3/31/98 Equities + 13.8% S&P 500 + 13.9% Bonds + 1.7% Merrill Lynch (1-10 yrs) + 1.6% Total Composite Index + 7.3% 50% S&P/50% Merrill Lynch + 7.7% For your review,we are enclosing a copy of the Retirement account as of the end of the quarter. We are also enclosing a statement of investment changes for March. There were no proxies to vote on during the month. If you have any questions,please feel free to give me a call. Sincerely yours, _ • PVVB:jb Encl. cc: Board of Trustees PURCHASE AND SALE REPORT TEQUESTA EMPL PEN TR FD EQUITIES 03/101/98 Thru 03/31/98 TRANS SECURITY TRAN GAIN/ DATE UNITS DESCRIPTION PRICE AMOUNT (LOSS) --- PURCHASES --- 03/24/98 - 150 KOHLS CORP 81 5/8 12,298.75 TOTAL 12,298.75 --- SALES --- 03/24/98 400 CONAGRA INC 32 1/8 12,935.00 (145.43) S 03/24/98 300 DIEBOLD INC 43.00 12,844.57 (897.93) S • TOTAL 25,779.57 ,, SUMMARY OF INVESTMENT POSITION HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 ESTIMATED TOTAL X ANNUAL CURR CLASSIFICATION MARKET VALUE TOTAL FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 93,272 11 . 6 4 ,766 5 . 1 STRAIGHT BONDS 326 ,397 40 . 6 20 ,879 6 .4 TOTAL FIXED-INCOME 419, 669 52 . 3 25 ,645 6 . 1 EQUITY HOLDINGS CAPITAL GOODS 36 ,663 4 . 6 384 1 . 0 COMMUNICATION SERVICES 35 ,569 4 .4 894 2 . 5 CONSUMER CYCLICALS 29, 169 3 . 6 50 .2 CONSUMER STAPLES 63 ,447 7 . 9 619 1 . 0 ENERGY 15,325 1 . 9 456 3 . 0 FINANCIALS 87,760 10 . 9 1 ,003 1 . 2 HEALTH CARE 51 ,851 6 . 5 370 - . 7 TECHNOLOGY 63,594 7 . 9 69 . 1 TOTAL EQUITY 383,378 47 . 7 3 ,845 1 . 0 TOTAL PRINCIPAL 803,047 100 . 0 29,490 3 . 7 ACCRUED INCOME 5 ,752 TOTAL FUND - 808,799 T fICYAKTC S A VT re ,a Crnl►m A XTv T 13 . I: PORTFOLIO DIVERSIFICATION " HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE A TOTAL Z ESTIMATED TOTAL MARKET X TOTAL ANNUAL CURR CLASSIFICATION COST • VALUE SECTOR FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 93 ,272 93,272 22 . 2 11 . 6 4 ,766 5 . 1 ONE YEAR MATURITIES 24, 953 24 ,961 5 . 9 3 . 1 1 ,820 7 . 3 SHORT TERM BONDS 200 , 978 200 ,766 47 . 8 25 . 0 12,811 6 . 4 MEDIUM TERM BONDS 99,454 100 , 670 24 . 0 12 . 5 6 ,248 6 . 2 TOTAL FIXED-INCOME 418,657 419 ,669 100 . 0 52 . 3 25 , 645 6 . 1 EQUITY HOLDINGS CAPITAL GOODS ELECTRICAL EQUIPMENT 14,118 17,238 4 . 5 2 . 1 240 1 . 4 MANUFACTURING-DVSFD 15, 730 19,425 5 . 1 2 . 4 144 . 7 TOTAL 29 ,848 36,663 9 . 6 4 . 6 384 1 . 0 COMMUNICATION SERVICES TELEPHONE 28,413 35 ,569 9 . 3 4 . 4 894 2 . 5 CONSUMER CYCLICALS RETAIL-GENL MERCHANDISE 12,299 12,263 3 . 2 1 . 5 RETAIL-SPECIALTY 13 ,977 16,906 4 . 4 2 . 1 50 . 3 TOTAL 26,276 29, 169 7 . 6 3 . 6 50 . 2 CONSUMER STAPLES BEVERAGES 25, 673 28,294 7 . 4 3 . 5 270 1 . 0 HOUSEHOLD PRODS-PERS CARE 29 ,441 35, 153 9 . 2 4 . 4 349 1 . 0 TOTAL 55, 114 63,447 16 . 5 7 . 9 619 1 . 0 ENERGY OIL & GAS-MAJ INTEGRATED 14,505 15,325 4 . 0 1 . 9 456 3 . 0 LnoMTS. SAYT FS & CCIMPANV. T.P '1� PORTFOLIO DIVERSIFICATION HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES ' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE B TOTAL % ESTIMATED TOTAL MARKET % TOTAL ANNUAL CURR CLASSIFICATION COST VALUE SECTOR FUND INCOME YIELD FINANCIALS BANKS & THRIFTS 28,417 34,363 9 . 0 4 .3 540 1 . 6 FINANCIAL-CONSUMER/DVSFD 29 ,310 35,397 9 . 2 4 .4 313 . 9 INSURANCE 15 , 143 18 ,000 4 . 7 2 . 2 150 . 8 TOTAL 72 ,870 87,760 22 . 9 10 . 9 1 ,003 1 . 2 HEALTH CARE HEALTH CARE-DRUGS 24 ,498 36,288 9 . 5 4 . 5 304 . 8 HEALTH CARE-MED PROP/SUP 15,655 15,563 4 . 1 1 . 9 66 . 4 TOTAL 40 , 153 51 ,851 13 . 5 6 . 5 370 . 7 TECHNOLOGY COMMUNICATIONS EQUIPMENT 13 ,227 19,181 5 . 0 2 . 4 45 .2 COMPUTERS-HARDWARE 25 ,586 28,800 7 . 5 3 . 6 ELECTRONICS 17,782 15 , 613 4 . 1 1 . 9 24 . 2 TOTAL 56 ,595 63 ,594 16 . 6 7 . 9 69 . 1 TOTAL EQUITY 323,774 383,378 100 . 0 47 . 7 3 ,845 1 . 0 TOTAL PRINCIPAL 742,431 803 ,047 100 . 0 100 . 0 29 ,490 3 . 7 ACCRUED INCOME 5,752 TOTAL FUND 808,799 TnOMTS_ SAYTFS & CnMPANY_ T..P. j" • HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE 1 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD FIXED-INCOME HOLDINGS 93272 SHORT-TERM PAPER MONEY MARKET 93 ,272 93 ,272 5 . 110 4,766 5 . 1 ONE YEAR MATURITIES 25M FEDERAL HM LN BK 99 . 813 24, 953 99 . 844 24, 961 7 . 297 1 ,820 7 . 3 7 . 280 12/04/2012-98 C SHORT TERM BONDS 25M IBM CREDIT CORP MTN 100 . 217 25 ,054 100 . 160 25 ,040 6 . 128 1 ,550 6 . 2 6 . 200 08/28/2000 NC 25M FEDERAL HM LN MTG DEBS 100 . 000 25 ,000 100 . 812 25 ,203 6 . 362C 1 , 676 6 . 7 6 . 705 11/09/2005-00 C 25M U S TREASURY NTS 100 . 375 25 , 094 100 . 281 25,070 5 . 633 1 ,438 5 . 7 ' 5 . 750 11/15/2000 NC 25M FEDERAL HM LN MTG CORP 101 . 727 25 ,432 101 . 203 25 ,301 6 . 317C 1 , 693 6 . 7 6 . 770 03/15/2006-01 C 25M FEDERAL NAIL MTG ASSN MTN 101 . 590 25 ,398 102 . 062 25,516 6 . 603C 1 ,788 7 . 0 7 . 150 08/27/2012-02 C 25M FEDERAL NAIL MTG ASSN 100 . 000 25,000 99 . 953 24,988 6 . 137 1 ,531 6 . 1 6 . 125 12/19/2002-00 C 25M FEDERAL NAIL MTG ASSN 100 . 000 25,000 99 . 812 24,953 6 . 335 1 ,575 6 . 3 6 . 300 12/20/2004-00 25M FEDERAL NAIL MTG ASSN MTN 100 . 000 25 ,000 98 . 781 24,695 6 . 409 1 ,560 6 . 3 6 . 240 01/29/2008-03 C TOTAL 200 , 978 200 ,766 12,811 6 . 4 LOOMIS. SAYT.FS & C(1MPANY. T..P. HOLDINGS AS OF 03/31/98 NO. 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE 2 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD MEDIUM TERM BONDS 25M U S TREASURY NTS 100 . 438 25 , 109 100 . 359 25 ,090 5 . 672 1 ,438 5 . 7 5 . 750 08/15/2003 NC 25M AMERITECH CAPITAL FUNDING 99 . 123 24 ,781 100 . 299 25,075 6 . 244 1 ,575 6 . 3 6 . 300 10/15/2004 25M FEDERAL HM LN BK SER GJO6 98 . 688 24 ,672 101 . 297 25 ,324 6 . 046 1 ,560 6 . 2 6 . 240 12/11/2006 NC 25M BANKERS TRUST NY CORP SUB NTS 99 . 567 24 ,892 100 . 724 25 , 181 6 . 596 1 , 675 6 . 7 6 . 700 10/01/2007 NC TOTAL 99 ,454 100 ,670 6 ,248 6 . 2 TOTAL FIXED-INCOME 418, 657 419 ,669 25 , 645 6 . 1 EQUITY HOLDINGS CAPITAL GOODS ELECTRICAL EQUIPMENT 200 GENERAL ELEC 70 . 588 14, 118 86 . 188 17 ,238 1 . 200 240 1 . 4 MANUFACTURING-DVSFD 300 ILLINOIS TOOL WORKS INC 52 . 433 15 ,730 64 . 750 19 ,425 . 480 144 . 7 TOTAL CAPITAL GOODS 29,848 36 , 663 384 1 . 0 T LICIMTR. S A VT FR A C~LIMP ANV 1 P y • HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE 3 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD COMMUNICATION SERVICES TELEPHONE 150 BELL ATLANTIC CORP 81 . 554 12 ,233 102 . 250 15 ,338 . 3 . 080 462 3 . 0 300 BELLSOUTH CORP 53 . 933 16, 180 67 . 438 20 ,231 1 . 440 432 2 . 1 TOTAL 28,413 35,569 894 2 . 5 CONSUMER CYCLICALS RETAIL-GENL MERCHANDISE 150 KOHLS CORP 81 . 992 12,299 81 . 750 12 ,263 RETAIL-SPECIALTY 250 HOME DEPOT 55 . 908 13 ,977 67 . 625 16 , 906 .200 50 . 3 TOTAL CONSUMER CYCLICALS 26 ,276 29, 169 50 . 2 CONSUMER STAPLES BEVERAGES 200 COCA COLA 68 . 463 13,693 77 . 438 15,488 . 600 120 . 8 300 PEPSICO INC 39 . 933 11 ,980 42 . 688 12,806 . 500 150 1 . 2 TOTAL 25 , 673 28,294 270 1 . 0 HOUSEHOLD PRODS-PERS CARE 200 COLGATE PALMOLIVE 72 . 400 14,480 86 . 750 17,350 1 . 100 220 1 . 3 150 GILLETTE CO 99 . 742 14, 961 118 . 688 17,803 . 860 129 . 7 TOTAL 29,441 35 , 153 349 1 . 0 LOOMIS. SAYLES &COMPANY. T..P. _ w� HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE 4 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL CONSUMER STAPLES 55, 114 63 ,447 619 1 . 0 ENERGY OIL & GAS-MAJ INTEGRATED 200 MOBIL CORP 72 .525 14,505 76 . 625 15,325 2 . 280 456 3 . 0 FINANCIALS BANKS & THRIFTS 400 NORWEST CORP 32 . 794 13, 118 41 . 563 16,625 . 660 264 1 . 6 300 STAR BANC CORP 50 . 996 15,299 59 . 125 17,738 . 920 276 1 . 6 TOTAL 28,417 34,363 540 1 . 6 FINANCIAL-CONSUMER/DVSFD 300 FANNIE MAE 49 . 183 14 , 755 63 . 250 18,975 . 960 288 1 . 5 250 MGIC INVT CORP WIS 58 . 220 14,555 65 . 688 16 ,422 . 100 25 .2 TOTAL 29,310 35,397 313 . 9 INSURANCE 300 TRAVELERS GROUP INC 50 . 475 15,143 60 . 000 18,000 . 500 150 . 8 TOTAL FINANCIALS 72,870 87 ,760 1 ,003 1 . 2 1.()(nMTS. SAYT.F.S cG C(1MPANV. T..P 4,l . 1 HOLDINGS AS OF 03/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 03/31/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 04/04/98 PAGE 5 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD HEALTH CARE HEALTH CARE-DRUGS 200 PFIZER INC 64 . 025 12 ,805 99 . 688 19 , 938 . 760 152 . 8 200 SCHERING-PLOUGH 58 . 463 11 , 693 81 . 750 16 ,350 . 760 152 . 9 TOTAL 24 ,498 36 ,288 304 . 8 HEALTH CARE-MED PROP/SUP 300 MEDTRONIC INC 52 . 183 15 , 655 51 . 875 15 ,563 . 220 66 . 4 TOTAL HEALTH CARE 40 , 153 51 ,851 370 . 7 TECHNOLOGY COMMUNICATIONS EQUIPMENT 150 LUCENT TECHNOLOGIES INC 88 . 179 13,227 127 . 875 19 , 181 . 300 45 . 2 COMPUTERS-HARDWARE 200 CISCO SYSTEMS INC 65 . 213 13 , 043 68 . 375 13 ,675 400 EMC CORP 31 . 356 12,543 37 . 813 15 , 125 TOTAL 25,586 28,800 ELECTRONICS 200 INTEL CORP 88 . 909 17 ,782 78 . 063 15 , 613 . 120 24 . 2 TOTAL TECHNOLOGY 56,595 63 ,594 69 . 1 TOTAL EQUITIES 323,774 383 ,378 3 ,845 1 . 0 T.nfMTR. S A VI FC &, rnm,rn e!TV In - r, Prudential1111 Client Statement i c Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey r 'or The Period: Account Number: ►larch 1 -March 31, 1998 01K-962237-24 Page 1 of 4 Qz u Yf, O.C E1E •� e O 4t,. `: 'i •> •uµ' . -•>•• i . Your Financial Ad v i sor: FRED P KENNEY FIRST V.P. INVESTMENTS PRICED SECURITIES VALUE $707,602.36 $710,585.44 2000 PGA BOULEVARD MONEY MARKET FUNDS $84,369.00 $93,272.00 SUITE 2104 CASH BALANCE $970.14 $38.26 NORTH PALM BEACH FL 33408 Telephone Number: 581-694-0200 E-mail Address: FRED_KENNEYOprusec.com TOTAL NET WORTH $712,941.50 $803,895.70 VILLAGE OF TEQUESTA EMPLOYEES PENSION TRUST FUND3s;C>virZ>A�;,.. ,.•, hrptiy .:,�.a�a�49?a :�. �1 "�:, i ���s �•. .. M�. e>. � �, ,� � �,� .�;y�a�\ � DIRECTOR OF FINANCE e Via: t �bc...rat s. ,` � . ���:�..�:>:��4�;�,�:�,�':�v\m.����r ��,��:����a ,. �:<��'��` � � . � . �.�:� PO BOX 3273 TEQUESTA FL 33469-0273 MONEY FUND DIVIDENDS $249.00 $897.00 DIVIDENDS $428.25 $1,064.25 litillldlllllthI1,.t.I.,III,,..I,II,,,I, II,IuiI..II,,iII.I INTEREST $1,621.25 $3,233.75 Trading authorization has been given to: LOOMIS SAYLES & CO Copies of this statement are being sent to: LOOMIS SAYLES & CO MR STEVE PALMQUIST TOTAL INCOME $2,290.50 $5,195.00 VttStU,w1WVAxhctta x.• \ • • `I ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS SELL ATLANTIC CORP 150 102.250** $15,337.50 $462 3.01% 3ELLSOUTH CORP 300 67.438** $20,231.40 $432 2.14% :ISCO SYSTEMS INC 200 68.375** $13,875.00 :OCA COLA CO DELAWARE 200 77.438** $15,487.80 $120 .77% :OLGATE PALMOLIVE CO 200 86.750** $17,350.00 $220 1.27% E M C CORP MASS 400 37.813** $15,125.20 =ANNIE MAE 300 63.250** $18,975.00 $288 1.52% ENERAL ELECTRIC CO 200 86.188** $17,237.60 $240 1.39% 3ILLETTE COMPANY 150 118.688** $17,803.20 $129 .72% 'ACME DEPOT INC 250 67.625** $18,908.25 $50 .30% ILLINOIS TOOL WORKS INC 300 64.750** $19,425.00 $144 .74% Caa ravarca Aida fnr additional infnrmatinn • ,. Prudential • Client Statement • s rC Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey ., :or The Period: Account Number: March 1 - March 31, 1998 VILLAGE OF TEQUESTA 01K-962237-24 - Page 2 of 4 ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS ;NTEL CORP 200 78.063** $15,612.80 $24 .15% :OHLS CORP 150 81.750** $12,262.50 .UCENT TECHNOLOGIES INC 150 127.875** $19,181.25 $45 .23% IEDTRONIC INC 300 51.875** $15,562.50 $66 .42% 1GIC INVESTMENT CORP 250 65.888** $16,422.00 $25 .15% ROBIL CORP 200 76.625** $15,325.00 $456 2.98% JORWEST CORP 400 41.563** $16,625.20 $284 1.59% 'EPSICO INC 300 42.688** $12,808.40 $150 1.17% 'FIZER INC 200 99.688** $19,937.60 $152 .76% SCHERING PLOUGH CORP 200 81.750** $16,350.00 $152 _ .93% • STAR BANC CORPORATION 300 59.125** $17,737.50 $276 1.56% tRAVELERS GROUP INC 300 80.000** $18,000.00 $150 .83% UNERITECH CAPITAL FUNDING CORP NOTES 25,000 100.574E $25,143.50 $748 $1,575 8.26% RO AO 6.300 10/15/2004 DTD 10/10/97 • BOOK ENTRY ONLY 3ANKERS TRUST NEW YORK SER A 25,000 100.663E $25,165.75 $810 $1,875 6.86% MEDIUM TERM NOTES RO AO 6.700 10/01/2007 DTD 10/07/97 BOOK ENTRY ONLY - =EDERAL HOME LOAN BANK 25,000 100.219E $25,054.75 $592 $1,820 7.26% CP JD 7.280 12/04/2012 DTD 12/04/97 CALL 12/04/1998 100.00 1ST CPN 06/04/98 °EDERAL HOME LOAN BANK 25,000 101,719E $25,429.75 $477 $1,580 8.13% CP JD 8.240 12/11/2008 DTD 12/11/96 =EDERAL HOME LOAN MTGE CORP 25,000 101.188E $25,297.00 $661 $1,676 6.63% CP MN 8.705 11/09/2005 DTD 11/09/95 CALL 11/09/2000 100.00 1ST CPN 05/09/96 =EDERAL HOME LOAN MTGE CORP 25,000 101.344E $25,336.00 $75 $1,693 6.68% CP MS 8.770 03/15/2008 DTD 03/15/96 CALL 03/01/2001 100.00 1ST CPN 09/15/98 • EDERAL NATIONAL MTG ASSOCIATION 25,000 102.639E $25,659.75 $169 $1,788 6.97% MEDIUM TERM NOTE CP FA 07.150 08/27/2012 DTD 08/27/97 CALL 08/27/2002 100.00 1ST CPN 02/27/98 • See reverse side for additional information ,�� Prudentialill Client Statement • CPC Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey , :or The Period: March 1 - March 31, 1998 K-9 VILLAGE OF TEQUESTA AccountOINumber 82237-24 Page 3 of 4 <! zx ry:{�•;•�2{i "'zr 2tiEt1 z t ;z;z< a •z z s:z Y k�,•.: : Z.z'z z'••< K z::� zr•r" t �. `OCr� 0GI1.,.��a, bo 44%. t `\'i3 c: 111C111 ED�` 1 6ti:: 1 S:?�)a4it'.\".�fiSh�i1C���. �A�fiSa):b*S.dl��ti�KY..1.3:��������?�S�S�.�� ��?AyR1kCh�Y?:01�7. { �x?6Si. iSr. ii�1J�.1�r ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS ----- 'EDERAL NATIONAL MTG ASSOCIATION 25,000 99.862E $24,965.63 $446 $1,575 6.31% MEDIUM TERM NOTE CP JD 6.300 12/20/2004 DTD 12/19/97 CALL 12/20/2000 100.00 1ST CPN 06/20/98 'EDERAL NATIONAL MTG ASSOCIATION 25,000 100.107E $25,026.88 $434 $1,531 6.12% ' MEDIUM TERM NOTE CP JD 06.125 12/19/2002 DTD 12/19/97 CALL 12/19/2000 100.00 1ST CPN 06/19/98 ,EDERAL NATIONAL MTG ASSOCIATION 25,000 99.420E $24,855.00 $269 $1,560 6.28% MEDIUM TERM NOTE CP JJ 06.240 01/29/2008 DTD 01/29/98 CALL 01/29/2003 100.00 1ST CPN 07/29/98 • IBM CREDIT CORP MEDIUM TERM NOTES 25,000 100.537E $25,134.38 $142 $1,550 6.17% RO FA 6.200 08/28/2000 DTD 08/28/97 BOOK ENTRY ONLY JNITED STATES TREASURY NOTES 25,000 100.313 $25,078.25 $179 $1,438 5.73% CP FA 5 3/4 08/15/2003 DID 08/15/93 JNITED STATES TREASURY- NOTES 25,000 100.250 $25,082.50 $544 $1,438 5.74% CP MN 5.750 11/15/2000 DTD 11/15/97 1ST CPN 05/15/98 • PRICED SECURITIES VALUE $710,585.44 $5,546 $24,724 )RUDENTIAL MoNEYMART ASSETS FUND 93,272 1.000 $93,272.00 $4,692 5.03% 7-Day Yield MONEY MARKET FUNDS $93,272.00 $4,892 ,,=�.,w :�, � fit? - a. t. �� "�„ .� u• ��- � .:- ��,,., �.�`.• �,��z...: :�.:_.. �.• 'a�•t."*Qw \.)w.�4. e L ' a':wita-:' `'� `t\'1G:i:r ? skc ` j , ` •'�y i; \• kZ. i„te u eecf t ::IItt. r.r �..: � Z ZI DATE TRANSACTION QUANTITY PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED )IV ON 400 CONAGRA INC 03/02 Dividend Income $62.50 INT RECEIVED ON 25,000 BONDS OF 03/02 Received Interest $775.00 IBM CREDIT CP MTN RO FA 6.20 08/28/2000 )IV ON 200 INTEL CORP 03/02 Dividend Income $6.00 )IV ON 150 LUCENT TECHS INC 03/02 Dividend Income $11.25 )IV ON 250 MGIC INVESTMENT CORP 03/02 Dividend Income $6.25 )IV ON 400 NORWEST CORP 03/02 Dividend Income $66.00 See reverse side for additional information r 1 Prudential III Client Statement • S pc . Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey :or The Period: Account Number: March 1 -March 31, 1998 VILLAGE OF TEQUESTA O1K-962237-24 Page 4 of 4 o?\\`,fttn���)b:`WA\ .'. `2:?SOU,4,.a)) �\;\: ».asic \Z i.�D�,. alag t all. \ V DATE TRANSACTION QUANTITY PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED DIV ON 150 GILLETTE CO 03/05 Dividend Income $32.25 DIV ON 200 MOBIL CORP 03/10 Dividend Income $114.00 DIV ON 200 PFIZER INC 03/12 Dividend Income $38.00 INT RECEIVED ON 25;000 BONDS OF 03/16 Interest Income $846.25 FHLMC CP MS 6.77 03/15/2006 DIV ON 250 HOME DEPOT INC - 03/19 Dividend Income $12.50 , PRU MONEYMART DIV REINV 02/24 - 03/23 . 03/24 Dividend 249 Money Fund FUNDS RECEIVED 03/25 Credit $1,692.31 , • FUNDS RECEIVED 03/25 Credit $4,358.42 1 FUNDS RECEIVED 03/25 Credit $4,494.32 . FUNDS RECEIVED 03/25 Credit $1,792.18 . PRU MONEYMART ASSETS 03/28 Purchased 15,277 1.00 $15,277.00 AUTO SUBSCRIPTION CONAGRA INC 03/27 Sold -400 32 1/8 1, $12,789.57 UNSOLICITED . DIEBOLD INC OHIO 03/27 Sold -300 43.00 ) $12,844.57 UNSOLICITED KOHLS CORP 03/27 Purchased 150 81 5/8 $12,298.75 UNSOLICITED DIV ON 30O DIEBOLD INC OHIO 03/27 Dividend Income $42.00 PRU MONEYMART ASSETS - 03/30 Purchased - 13,377 1.00 $13,377.00 AUTO SUBSCRIPTION DIV ON 300 PEPSICO INC 03/31 Dividend Income $37.50 WE ARE PROUD TO ANNOUNCE OUR WEB SITE HAS RECEIVED TWO AWARDS. A TOP CORPORATE WEB SITE BY FORTUNE MAGAZINE WINTER '98 AND #1 FULL-SERVICE BROKERAGE WEB SITE BY INSTITUTIONAL INVESTOR'S FINANCIAL NET NEWS (2/98). VISIT WWW.PRUSEC.COM TODAY. 1 a N See reverse side for additional information • VILLAGE OF TEQUESTA EMPLOYEES' PENSION FUND ALLOCATION OF REVENUE & EXPENSE MARCH 1998 TOTAL FIRE GENERAL POLICE INVESTMENTS AT COST 3/1/98 725,264.61 671,723.66 24,972.58 28,568.37 INTEREST EARNINGS 1,621.25 1,501.57 55.82 63.86 DIVIDEND EARNINGS 677.25 627.25 23.32 26.68 CAPITAL GAINS 0.00 0.00 0.00 CAPITAL LOSSES (1,043.36) (966.34) (35.93) (41.10) CONTRIBUTIONS EMPLOYER 8,852.74 7,345.59 817.49 689.66 CONTRIBUTIONS EMPLOYEE 3,484.49 2,493.44 756.94 234.11 STATE INSURANCE PREMIUM TAX 0.00 TOTAL INCOME 13,592.37 11,001.51 1,617.65 973.21 INVESTMENT MANAGER FEES 0.00 0.00 0.00 ACTUARY SERVICE FEES 0.00 0.00 0.00 . OTHER PROFESSIONAL FEES 0.00 0.00 0.00 DISTRIBUTIONS 0.00 ACCRUED INT PAID ON BOND PURCHASES 0.00 0.00 0.00 TOTAL EXPENSES 0.00 0.00 0.00 0.00 NET ADJUSTMENT TO INVESTMENTS 13,592.37 11,001.51 1,617.65 973.21 INVESTMENTS AT COST 3/31/98 738,856.98 682,725.17 26,590.23 29,541.58 INVESTMENTS PER LOOMIS REPORT 742,431.00 DIFFERENCE BETWEEN LOOMIS &VILLA (3,574.02) AMOUNTS OVER TRANSMITTED BY LEAG AS OF 3/31/98 802.10 AMOUNT TRANSMITTED BY VOT IN ERRO 2,805.24 CASH BALANCE PRUDENTIAL A/C (38.26) ROUNDING DIFFERENCE (4.94) • (BAEPF398.WK1) 'W7' 'SE' NCP 'VCG' 'VCP' 'ECP 'ECG' 'ECP' CCRUED I EQUITY WITHHOLD! EQUITY CAPITAL EMPLOYER EMPLOYER EMPLOYER EMPLOOYE EMPLOYEE EMPLOYEE 'AID ON BO PURCHASE TAX SALES (GAIN) CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI OTHER )R DR DR CR LOSS DR CR . CR DR CR 249.00 1,245.49 336.05 110.77 3,669.17 362.93 328.32 1,247.95 420.89 - 123.34 3,676.42 454.56 363.34 15,277.00 12,935.20 145.63 13,742.40 897.83 12,298.75 13,377.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 41,201.75 0.00 26,677.60 1,043.46 7,345.59 817.49 689.66 2,493.44 756.94 234.11 0.00 0.00 BOSTON CHICAGO - L O O M I S - S A Y L E S - 8 - COMPANY, L. P. DETROIT MILWAUKEE INVESTMENT• MINNEAPOLIS-ST.PAUL COUNSEL NEW YORK PALM B,EACH • PASADENA SAN FRANCISCO WASHINGTON PETER V. VAN BEUREN 4400 PGA BOULEVARD,SUITE 600,PALM BEACH GARDENS,FLORIDA 33410 VICE PRESIDENT AND SENIOR PARTNER (407)775-5880 March 16, 1998 Mr. William Kascavelis, Director of Finance Village of Tequesta P.O. Box 3273 Tequesta, Florida 33458-0273 Re: Village of Tequesta Employees' Pension Trust Fund Dear Bill: We are pleased to enclose the February 28, 1998 investment appraisal for the Village of Tequesta Employees' Pension Trust Fund. I have also included a report reflecting the security changes that occurred during the month. There were no proxies to vote on. During February,we continued to experience considerable strength in the equity markets and a mixed performance as far as bonds,were concerned. The Dow Jones and S&P 500 stock indices have all moved into new high ground while the U.S. Treasury 30 year bond which gives us a fairly good proxy as to the direction of bond prices, declined to a point where the yield moved over the 6% level. The economic indicators that have been reported in recent weeks, i.e. retail trade, producer prices, CPI, etc. have all been coming in on the positive side thereby indicating that we are experiencing a relatively healthy economy with positive demand. Of course, the global economy continues to be of concern for all of us as we cautiously wait for improvement in the Japanese and Asian economies. Serious problems continue to exist and if there is any apprehension that we feel, it is what impact the weakness of currency and economic contraction will have on our economy and companies doing business in that part of the world. It is more or less "wait and see" but for the time being the environment continues to be positive . for the type of quality companies and fixed income investments that are held in this Pension Trust Fund. I just want to remind you that we have not yet received a signed copy of the written invesment guidelines and I have also learned that Fred Kenney is waiting for some signed papers that will allow us to purchase fixed income securities outside of Prudential. Without getting these broker papers signed, our bond selection and trading process will be limited. LOOM IS-SAYLES-8-COMPANY, L.P. Page Two March 16, 1998 My notes indicate that the Board of Trustees will be meeting sometime later this month. Maybe at that meeting, you can get the aforementioned papers signed. If you have any questions or comments concerning the enclosed reports or any other matter, please give me a call. With best regards. Sincerely yours, PVVB:jb Encl. cc: Board of Trustees SUMMARY OF INVESTMENT POSITION - HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 ESTIMATED TOTAL % ANNUAL CURR CLASSIFICATION MARKET VALUE TOTAL FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 64,369 8 .3 3 ,302 5 . 1 STRAIGHT BONDS 327,087 42 .4 20 ,879 6 . 4 TOTAL FIXED-INCOME 391 ,456 50 . 8 24 ,181 6 . 2 EQUITY HOLDINGS CAPITAL GOODS 48,944 6 .3 490 1 . 0 COMMUNICATION SERVICES 31 ,744 4 . 1 894 2 . 8 CONSUMER CYCLICALS 15,969 2 . 1 50 . 3 CONSUMER STAPLES 69 , 113 9 . 0 859 1 . 3 ENERGY 14,450 1 . 9 456 3 . 2 FINANCIALS 88,298 11 . 4 937 1 . 1 HEALTH CARE 48,851 6 . 3 370 . 8 TECHNOLOGY 62,469 8 . 1 69 . 1 TOTAL EQUITY 379,838 49 . 2 4 ,125 1 . 1 TOTAL PRINCIPAL 771 ,294 100 . 0 28,306 3 . 7 ACCRUED INCOME 4 ,967 TOTAL FUND 776 ,261 LOOMIS. SAYLES &COMPANY. L.P. PORTFOLIO DIVERSIFICATION . HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE A TOTAL % ESTIMATED TOTAL MARKET % TOTAL ANNUAL CURR CLASSIFICATION COST VALUE SECTOR FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 64 ,369 64,369 16 . 4 8 . 3 3,302 5 . 1 SHORT TERM BONDS 150 ,978 151 ,466 38 . 7 19 . 6 9,676 6 . 4 MEDIUM TERM BONDS 149,454 150 ,621 38 . 5 19 . 5 9,383 6 . 2 LONG TERM BONDS 24,953 25,000 6 . 4 3 . 2 1 ,820 7 .3 TOTAL FIXED-INCOME . 389,754 391 ,456 100 . 0 50 . 8 24 , 181 6 . 2 EQUITY HOLDINGS CAPITAL GOODS . ELECTRICAL EQUIPMENT . 14, 118 15,550 4 . 1 2 . 0 208 1 . 3 MANUFACTURING-DVSFD 15 ,730 17,981 4 . 7 2 . 3 114 . 6 MANUFACTURING-SPECIAL 13 ,743 15,413 4 . 1 2 . 0 168 1 . 1 TOTAL 43 ,591 48, 944 12 . 9 6 . 3 490 1 . 0 COMMUNICATION SERVICES TELEPHONE 28,413 31 , 744 8 . 4 4 . 1 894 2 . 8 CONSUMER CYCLICALS RETAIL-SPECIALTY 13,977 15,969 4 . 2 2 . 1 50 .3 CONSUMER STAPLES BEVERAGES 25,673 24 ,675 6 . 5 3 . 2 262 1 . 1 FOODS 12,935 12 ,000 3 . 2 1 . 6 248 2 . 1 HOUSEHOLD PRODS-PERS CARE 29,441 32 ,438 8 .5 4 . 2 349 1 . 1 TOTAL 68,049 69, 113 18 . 2 9 . 0 859 1 . 3 ENERGY OIL & GAS-MAJ INTEGRATED 14,505 14,450 3 . 8 1 . 9 456 3 .2 LOOMIS. SAYLES & COMPANY. T.P.. o PORTFOLIO DIVERSIFICATION . HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE B TOTAL % ESTIMATED TOTAL MARKET % TOTAL ANNUAL CURR CLASSIFICATION COST VALUE SECTOR FUND INCOME YIELD FINANCIALS BANKS & THRIFTS 28,417 34 ,063 9 . 0 4 . 4 504 1 . 5 FINANCIAL-CONSUMER/DVSFD 29 ,310 37 ,547 9 . 9 4 . 9 313 . 8 INSURANCE 15 , 143 16 ,688 4 . 4 2 , 2 120 . 7 TOTAL 72 ,870 88,298 23 . 2 11 . 4 937 1 . 1 HEALTH CARE HEALTH CARE-DRUGS 24,498 32,913 8 . 7 4 . 3 304 . 9 HEALTH CARE-MED PROP/SUP 15,655 15 ,938 4 . 2 2 . 1 66 . 4 TOTAL 40 , 153 48,851 12 . 9 6 . 3 370 . 7 TECHNOLOGY COMMUNICATIONS EQUIPMENT 13,227 16 ,256 4 . 3 2 . 1 45 . 3 COMPUTERS-HARDWARE 25 ,586 28,275 7 . 4 3 . 7 ELECTRONICS 17,782 17,938 4 . 7 2 . 3 24 . 1 TOTAL 56 ,595 62 ,469 16 .4 8 . 1 69 . 1 TOTAL EQUITY 338, 153 379,838 100 . 0 49 .2 4 , 125 1 . 1 TOTAL PRINCIPAL 727 ,907 771 ,294 100 . 0 100 . 0 28,306 3 . 7 ACCRUED INCOME 4,967 TOTAL FUND 776,261 • LOOMIS, SAYLES &COMPANY. L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 1 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD FIXED-INCOME HOLDINGS 64369 SHORT-TERM PAPER MONEY MARKET 64,369 64,369 5 . 130 3,302 5 . 1 SHORT TERM BONDS 25M IBM CREDIT CORP MTN 100 . 217 25 ,054 100 .282 25,071 6 . 077 1 ,550 6 .2 6 . 200 08/28/2000 NC 25M FEDERAL HM LN MTG DEBS 100 . 000 25 ,000 101 . 094 25 ,274 6 . 258C 1 ,676 6 . 61 6 . 705 11/09/2005-00 C 25M U S TREASURY NTS 100 . 375 25 ,094 100 .437 25 , 109 5 . 574 1 ,438 5 . 7 5 . 750 11/15/2000 NC 25M FEDERAL NAIL MTG ASSN 100 . 000 25,000 100 . 187 25 ,047 6 . 052C 1 ,531 6 . 1 6 . 125 12/19/2002-00 C 25M FEDERAL HM LN MTG CORP 101 . 727 25,432 101 . 453 25 ,363 6 . 238C 1 , 693 6 . 7 6 . 770 03/15/2006-01 C 25M FEDERAL NAIL MTG ASSN MTN 101 . 590 25 ,398 102 . 406 25, 602 6 . 524C 1 ,788 7 . 0 7 . 150 08/27/2012-02 C TOTAL 150 ,978 151 ,466 9 ,676 6 .4 MEDIUM TERM BONDS 25M FEDERAL NATL MTG ASSN 100 . 000 25 ,000 100 . 047 25 ,012 6 . 281C 1 ,575 6 .3 6 . 300 12/20/2004-00 25M U S TREASURY NTS 100 . 438 25, 109 100 . 578 25, 145 5 . 626 1 ,438 5 . 7 5 . 750 08/15/2003 NC 25M AMERITECH CAPITAL FUNDING 99 . 123 24,781 100 . 579 25 , 145 6 . 192 1 ,575 6 .3 6 . 300 10/15/2004 25M FEDERAL HM LN BK SER GJO6 98 . 688 24 ,672 101 . 672 25,418 5 . 992 1 ,560 6 . 1 6 . 240 12/11/2006 NC 25M BANKERS TRUST NY CORP SUB NTS 99 . 567 24 ,892 100 . 556 25 , 139 6 . 621 1 ,675 6 . 7 6 . 700 10/01/2007 NC LOOMTS. SAYT:ES & COMPANY_ L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 2 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD 25M FEDERAL NATL MTG ASSN MTN 100 . 000 25 ,000 99 . 047 24,762 6 . 371 1 ,560 6 .3 6 . 240 01/29/2008-03 C TOTAL 149 ,454 150 ,621 9,383 6 . 2 LONG TERM BONDS 25M FEDERAL HM LN BK 99 . 813 24 ,953 100 . 000 25 ,000 7 .280 1 ,820 7 . 3 7 . 280 12/04/2012-98 C TOTAL FIXED-INCOME 389 ,754 391 ,456 24 ,181 6 .2 EQUITY HOLDINGS CAPITAL GOODS ELECTRICAL EQUIPMENT 200 GENERAL ELEC 70 . 588 14, 118 77 . 750 15 ,550 1 . 040 208 1 .3 MANUFACTURING-DVSFD 300 ILLINOIS TOOL WORKS INC 52 . 433 15 ,730 59 ,938 17 , 981 .380 114 . 6 MANUFACTURING-SPECIAL 300 DIEBOLD INC 45 . 808 13 ,743 51 .375 15 ,413 . 560 168 1 . 1 TOTAL CAPITAL GOODS 43 ,591 48 ,944 490 1 . 0 LOOMIS. SAYLES &COMPANY. L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 3 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ' ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD COMMUNICATION SERVICES TELEPHONE 150 BELL ATLANTIC CORP 81 . 554 12 ,233 89 . 750 13,463 3 . 080 462 3 . 4 300 BELLSOUTH CORP 53 . 933 16 , 180 60 . 938 18,281 1 . 440 432 2 .4 TOTAL 28,413 31 ,744 894 2 . 8 CONSUMER CYCLICALS RETAIL-SPECIALTY 250 HOME DEPOT 55 . 908 13,977 63 . 875 15,969 . 200 50 .3 CONSUMER STAPLES BEVERAGES 200 COCA COLA 68 . 463 13,693 68 . 625 13 ,725 .560 112 . 8 300 PEPSICO INC 39 . 933 11 , 980 36 . 500 10 ,950 .500 150 1 . 4 TOTAL 25 ,673 24 , 675 262 1 . 1 FOODS 400 CONAGRA INC 32 .338 12,935 30 . 000 12 ,000 . 620 248 2 ..1 HOUSEHOLD PRODS-PERS CARE 200 COLGATE PALMOLIVE 72 .400 14,480 81 . 188 16 ,238 1 . 100 220 1 .4 150 GILLETTE CO 99 . 742 14,961 108 . 000 16 ,200 . 860 129 . 8 TOTAL 29,441 32,438 349 1 . 1 LOOMIS, SAYLES &COMPANY. L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 4 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL CONSUMER STAPLES 68,049 69 , 113 859 1 . 3 ENERGY OIL & GAS-MAJ INTEGRATED 200 MOBIL CORP 72 . 525 14 ,505 72 . 250 14 ,450 2 . 280 456 3 . 2 FINANCIALS BANKS & THRIFTS 400 NORWEST CORP 32 . 794 13,118 41 . 000 16 ,400 . 660 264 1 . 6 300 STAR BANC CORP 50 . 996 15,299 58 . 875 17 , 663 .800 240 1 . 4 TOTAL 28,417 34 ,063 504 1 . 5 FINANCIAL-CONSUMER/DVSFD 300 FANNIE MAE 49 . 183 14,755 63 . 750 19 , 125 . 960 288 1 . 5 250 MGIC INVT CORP WIS 58 .220 14 ,555 73 . 688 18,422 . 100 25 . 1 TOTAL 29 ,310 37 ,547 313 . 8 INSURANCE 300 TRAVELERS GROUP INC 50 . 475 15 , 143 55 . 625 16 ,688 . 400 120 . 7 TOTAL FINANCIALS 72,870 88,298 937 1 . 1 LOOMIS. SAYLES &COMPANY. L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 5 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD HEALTH CARE HEALTH CARE-DRUGS 200 PFIZER INC 64 . 025 12,805 88 . 500 17 ,700 . 760 152 . 9 200 SCHERING-PLOUGH 58 . 463 11 ,693 76 . 063 15 ,213 . 760 152 1 . 0 TOTAL 24 ,498 32 ,913 304 . 9 HEALTH CARE-MED PROP/SUP 300 MEDTRONIC INC 52 . 183 15 ,655 53 . 125 15 ,938 . 220 66 . 4 TOTAL HEALTH CARE 40 , 153 48,851 370 .8 TECHNOLOGY COMMUNICATIONS EQUIPMENT 150 LUCENT TECHNOLOGIES INC 88 . 179 13,227 108 . 375 16,256 . 300 45 . 3 COMPUTERS-HARDWARE 200 CISCO SYSTEMS INC 65 . 213 13 ,043 65 . 875 13, 175 400 EMC CORP 31 . 356 12,543 37 . 750 15 , 100 TOTAL 25,586 28,275 ELECTRONICS 200 INTEL CORP 88 . 909 17 ,782 89 . 688 17 ,938 . 120 24 . 1 TOTAL TECHNOLOGY 56,595 62,469 69 . 1 TOTAL EQUITIES 338, 153 379 ,838 4,125 1 . 1 LOOMIS, SAYLES &COMPANY, L.P. HOLDINGS AS OF 02/28/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 02/27/98 EMPLOYEES ' PENSION TRUST FUND RUN AS OF 03/05/98 PAGE 6 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL PRINCIPAL 727 ,907 771 ,294 28,306 3 . 7 ACCRUED INCOME 4 ,967 TOTAL FUND 776,261 • Loomis. SAYLES & COMPANY. L.P. PURCHASE AND SALE REPORT TEQUESTA EMPL PEN TR FD FIXED 02/01/98 Thru 02/28/98 TRANS SECURITY TRAN DATE UNITS DESCRIPTION PRICE AMOUNT --- PURCHASES --- 02/23/98 25,000 FEDERAL NATL MTG ASSN. 100.000 25,000.00 6.240 1/29/08 * TOTAL * 25,000.00 PURCHASE AND SALE REPORT TEQUESTA EMPL PEN TR FD EQUITIES 02/01/98 Thru 02/28/98 TRANS SECURITY TRAN DATE UNITS DESCRIPTION PRICE AMOUNT --- PURCHASES --- 02/11/98 200 CISCO SYSTEM 65.212 13,042.50 • 02/11/98 200 COCA COLA 68.187 13,692.50 * TOTAL * 26,735.00 Cisco Systems (CSCO) Mar 13, 1998 64 5/8 170 West Tasman Drive Price Chg -YTD 15.9% San Jose, CA 95134-1706 Dividend Yld ,0% (408) 526-4000 Investor Contact: Mary Thurber (408) 526-8893 PIE 42.1 2.09 .: . . .: . . .:. . . 94. :. . . : . . .: . . .95 .:. . . :. . . :. 96 : . . .97 .:. . . :. . . _ . . 98 88 1.69 : : : : : : : : : : : : : : : 71 . , 50 1.28 ' I'I ' II, id! . zoo 54 : : : : : : :: I l: �k . IIII 0.88 . 37 . 1"? IIIII 1 . 3 r z . . U . . U ,l 0.48 .. . . .. • • ••. . . . ? T' 1 . . . . .. . . . . . ... . .III1ii11 - 20 J. llllll ✓ In�l;'I II IIII ,. I► ...into.-,gull . .,ul/'�I1A'!ilex IliI ill --- »,- - -i - -- - -- - - -- - 13.116.700 011 11�6 I1 11111I Ili G llfl 114 111 I ICI II I fji► 11IIII(i 1110111. h Ill ' 1111111111111 l �ll 3 0.07 l 97 Growth Rates Capitalization Earnings $ % 5 Yr Historical % LT Debt to Total Cap 0% Latest Quarter(Jan 98) .43 up 26% Owned by Institutions 65% Latest 12 Months 1.54 up 29% 52% Market Capitalization 65 Bil Avg Daily Vol(Last 30 days) 9,732,200 First Call Consensus LT Future Business Overview Current Quarter(Apr 98) .44 up 27% Cisco is the leading supplier of products that link Year Ended Jul. 98 1.74 up 27% 30% LANs and WANs. It has 85% of the market for Year Ended Jul. 99 2.14 up 23% routers (which tell messages where to go) and • 35% of the market for LAN switches. Its other Revenues 5 Yr Historical products include dial-up-access servers and Latest Quarter(Jan 98) 2 Bil up 27% network-management software. Cisco is using Latest 12 Months 7.3 Bil up 35% 76% acquisitions (more than a dozen since 1995)to broaden its product line and is licensing products Dividends 5 Yr Historical to widen the influence of its Cisco Internetwork Indicated Rate &Yield NA 0% Operating System (Cisco IOS) software in hopes Increases Last 5 Yrs NA NA of making it an industry standard. Strategic relationships with the industry's biggest players, • including Microsoft and Intel, and with telecom Key Ratios &Measures 5 Year Range Current giants such as GTE and Alcatel are boosting PEE 15- 50 42.1 Cisco's influence on the networking industry. Price to Book 5.6 - 17.7 12.7 Price to Cash Flow 14.2- 45.8 37 Price to Sales 2.9- 9.5 8.91 Return on Equity 29.5% - 47.6% 34.3% BETA 1.71 Copyright© :BASELINE.• Loomis, Sayles & Co. • Florida Office • (561) 775-5880 Coca-Cola (KO) Mar 13, 1998 70 9/16 1 Coca-Cola Plaza, North West Price Chg-YTD 5.8% Atlanta, GA 30313 Dividend Yld .9% (404) 676-2121 Investor Contact: Nancy W. Ford PIE 42.3 2.06 .. . . .. . . ... . . 94. .. . . . . . .. . . .95 ... . ... . . .. . . 96. . . . _ . . .. . . ... .. 87 1.77. .: . . .: . . .:. . . . . . :. . . . . . .: . . . . . .:. . .:. . . :. . . . . 75 ' 1 �150 1.4� .. . . .. . . ... . . . . . .. . . . . . .. . . . . . ... . . .. . . .. ; . . .: . . . . II :. . II . 200 63 . • . . III III. 1.21. .. . . .. . . ... . . . . . .. . . _ . . . . . . . . ... . . .. . . .. • . . . .trill I ... . . .. . . - . . . . 51 0.92. .. . . .. . . ... . . . . . .. . . _ . .: . . . . . ... . ... . . .. .Ili , I . - . . .. . . • . . .. . . - . . . . 39 III'hie . pie , . . y0 2 or 0.64 .. . . .. . . ... . . . . . .. . . . . . . 27 1piI. irre W•.n\/ /� v l I i11h II p1I I 11Ip 1 I III "�'.mie,► . UI I _ 1 0.35I 11, 11111111H11.111i) h I l 1I Il I 1 I 1 u. _II I 1 I I 1 1 IIII _ J l dIll 15 Growth Rates Capitalization Earnings $ % 5 Yr Historical % LT Debt to Total Cap 10% Latest Quarter(Dec 97) .33 up 6% Owned by Institutions 49% Latest 12 Months 1.67 up 19% 19% Market Capitalization 175 Bil Avg Daily Vol(Last 30 days) 2,697,300 First Call Consensus LT Future Business Overview Current Quarter(Mar 98) .35 do 13% Coca-Cola, one of the globe's top brand names, is Year Ended Dec. 98 1.68 up 1% 17% the world's largest soft drink company, with two of Year Ended Dec. 99 1.96 up 17% the three top-selling soft drinks (Coca-Cola Classic and Diet Coke). Its more than 160 brands of Revenues • 5 Yr Historical beverages—carbonated drinks, sports drinks, Latest Quarter (Dec 97) 4.7 Bil up 6% milk-based drinks, teas, and coffees--are sold in Latest 12 Months 18.9 Bil up 2% 8% nearly 200 countries and include the leading soft drink products in most of these countries. The Dividends 5 Yr Historical company is also the world's largest distributor of Indicated Rate &Yield .6 .9% juice drinks, which include the popular Minute Increases Last 5 Yrs 5 13% Maid label. In the US, Coca-Cola Classic is the leading and Sprite the fastest-growing major soft drink. Other brands include Barq's root beer, Key Ratios & Measures 5 Year Range . Current Ruitopia, and Surge. About two-thirds of the PIE 22-48 42.3 company's sales and three-quarters of its profits come from overseas. Price to Book 9.4 - 24.8 23.8 Price to Cash Flow 16.8- 38.1 36.7 Price to Sales 3 - 9.7 9.25 Return on Equity 51.7% - 61.3% 61.3% BETA 1.11 Copyright© :BASELINE • Loomis, Sayles& Co. • Florida Office • (561) 775-5880 .. IP .... t Prudential Client Statement �C Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey :or The Period: Account Number: February 1 - February 28, 1998 01K-962237-24 Page 1 of 4 Total >>Account<:>:::Net<<W:or:::th:>::>:<:<:: <x< ::}::<;: :>::;:>�;?;:<}::>:. •: } i::,: s N7tir ,t.k..;.; i:K: .,}::.::K:K: >« $I� ';:>; Your Financial Advisor: FRED P KENNEY p;}r.t „.,«e•.., r.................t.t.....,........t...{:;{:>: FIRST V.P. INVESTMENTS PRICED SECURITIES VALUE $635,998.95 $707,602.36 2000 PGA BOULEVARD MONEY MARKET FUNDS $104,275.00 $64,369.00 SUITE 2104 CASH BALANCE $16.86 $970.14 NORTH PALM BEACH FL 33408 Telephone Number: 561-694-0200 E-mail Address: FRED KENNEYceprusec.com TOTAL NET WORTH $740,290.81 $772,941.50 VILLAGE OF TEQUESTA EMPLOYEES PENSION TRUST FUND i}}i§.:}}}:it•:}::•:i}i:':v.:v.�:iiimtv::;:nvv::: ii :•:: . ::::::w:r.v ::.,,.}'t•vv'it::.v:::.v:::::::::::.v::::::t:t::t,v:t{t;y::::•::;vtt?:t:.:v.v:. :.` :::::::::y;:.:t.v{::.,:. ncolne:; s: �>�.. 4.. .><.. }:,<.: DIRECTOR OF FINANCE :..� &<<::::DI trlbu:tlons:::w<:=:<:::: .........t..t..................................................................... . . ,t , ,t„,.�... t t , Ytt..t:t:>.:::.;:{.:{.:.•:.;}:: P O BOX 3273 ....t..... ......... ..r..........:....................t...t....t.....::..:.:...::::::�:.�:::.�::::...:t.:... .}.. :::..:.:..,...::.•}:.:{.}:}:.:::<::.;:tt:} ::..;:::.......... . ,t TEQUESTA FL 33469-0273 MONEY FUND DIVIDENDS $379.00 $648.00 DIVIDENDS $426.00 $636.00 Ir,IlurllrrirrlrIlrrlrlrtil I 1111.11,11.1.1111111.111111 INTEREST $1,612.50 $1.612.50 Trading authorization has been given to: LOOMIS SAYLES & CO Copies of this statement are being sent to: LOOMIS SAYLES & CO TOTAL INCOME 52,417.50 $2,896.50 MR STEVE PALMQUIST iiikiWkrikWiigigfrEMENNWORMOMPOWOOMMINUMNENan ..r.. .. t .r........nn....r....ir:nr...nn.r......•....:. J..•... .....r.v............n.n.t.r.rmnr..n..n.vr.,{.,{,vn t.........n.... .......... , ESTIMATED ESTIMA TED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS 3ELL ATLANTIC CORP 150 89.750** $13.462.50 $462 3.43% 3ELLSOUTH CORP 300 60.938** $18,281.40 $432 2.36% DISCO SYSTEMS INC 200 65.875** $13.175.00 • COCA COLA CO DELAWARE 200 68.625** $13,725.00 $120 .87% GOLGATE PALMOLIVE CO 200 81.188** $16,237.60 - $220 1.35% - GONAGRA INC 400 .30.000** $12,000.00 $250 2.08% JIEBOLD INC OHIO 300 51.375** $15,412.50 $168 1.09% M C CORP MASS 400 37.750** $15,100.00 =ANNIE MAE 300 63.750** $19,125.00 • $288 1.51% GENERAL ELECTRIC CO 200 77.750** $15,550.00 $240 1.54% GILLETTE COMPANY 150 108.000** $16,200.00 $129 .80% N O in 4 a See reverse side for additional information • r ; Prudential 4111 Client Statement al Silk' Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey .. : •or The Period: Account Number: February 1 - February 28, 1998 VILLAGE OF TEQUESTA 01K-962237-24 Page 2 of 4 ..,'.'kmi..KV:W'T.iiWkW-WWWWWWWWWMPMWOWORWMWMWMppgwwmg RorgolioMDetailmmmeigimamdmomoa:wMawkygiiiimmOhiWPmkRgm ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY - -PRICE VALUE INTEREST INCOME YIELD COMMENTS ----- 10ME DEPOT INC 250 63.875** $15,968.75 $50 .31% .---- ILLINOIS TOOL WORKS INC 300 59.938** $17,981.40 $144 .80% ----- INTEL CORP 200 89.688** $17.937.60 $24 .13% _UCENT TECHNOLOGIES INC . 150 108.375** $16,256.25 $45 .28% VIEDTRONIC INC 300 53.125** $15,937.50 $66 .41% AGIC INVESTMENT CORP 250 73.688** $18.422.00. $25 .14% MOBIL CORP 200 72.250** $14,450.00 $456 3.16% VORWEST CORP 400 41.000** $16,400.00 $264 1.61% 'EPSICO INC 300 36.500** $10,950.00 $150 1.37% 'FIZER INC 200 88.500** $17,700.00 $152 .86% SCHERING PLOUGH CORP . 200 76.063** $15,212.60 $152 1.00% STAR BANC CORPORATION ' . .300 58.875** $17,662.50 $240 1.36% TRAVELERS GROUP INC 300 55.625** $16,687.50 $150 .90% 4MERITECH CAPITAL FUNDING CORP NOTES 25,000 100.855E $25,213.75 $617 $1,575• 6.25% RO AO 6.300 10/15/2004 DTD 10/10/97 BOOK ENTRY ONLY 3ANKERS TRUST NEW YORK SER A 25,000 100.573E $25,143.25 $670 $1,675 6.66% MEDIUM TERM NOTES RO AO 6.700 10/01/2007 DTD 10/07/97 BOOK ENTRY ONLY . FEDERAL HOME LOAN BANK 25,000 100.344E $25,086.00 $440 $1,820 7.26% CP JD 7.280 12/04/2012 DTD 12/04/97 CALL 12/04/1998 100.00 1ST CPN 06/04/98 FEDERAL HOME LOAN BANK 25.000 101.875E $25,468.75 $347 • $1,560 6.13% CP JD 6.240 12/11/2006 DTD 12/11/96 FEDERAL HOME LOAN MTGE CORP 25,000 101.156E $25,289.00 .$522 $1,676 6.63% CP MN 6.705 11/09/2005 DTD 11/09/95 • CALL 11/09/2000. 100.00 1ST CPN 05/09/96 FEDERAL HOME LOAN MTGE CORP 25,000 101.719E $25,429.75 $780 $1,693 6.66% CP MS 6.770 03/15/2006 DTD 03/15/96 CALL 03/01/2001 100.00 1ST CPN 09/15/96 FEDERAL NATIONAL MTG ASSOCIATION 25,000 102.901E . $25,725.25 $20 $1,788 6.95% MEDIUM TERM NOTE CP FA 07.150 08/27/2012 DTD 08/27/97 CALL 08/27/2002 100.00 1ST CPN 02/27/98 , . c, m 2 See reverse side for additional information r ,9r Prudential • Client Statement 110 tiPC Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey :or The Period: Account Number: February 1 - February 28, 1998 VILLAGE OF TEQUESTA 01K-962237-24 Page 3 of 4 •{;:Q:•:{:.:: { :: m;{:{ {:•T:{miY4::P::1:{::v.::i•{::+� {....:::w::::: ::::::: v\vv ::vti �.`•4�i'r ONTINUEU)' amiamonieniiiiiiiii : ......:vn.........:.v.........n.......x...n n i$r::':.....n... .{...nv.::::.. .n.......:::..:.:::...::.::vv:S:S:..v. .:: ..:.?. v{;.::..::5?i:•Y.{n:::O:is:�i?:Un\.SS:{;{Y:.:y?}i}vviY::?:i .. . . x.L ...: ... .:.:n:. ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT , QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS =EDERAL NATIONAL MTG ASSOCIATION 25,000 100.132E $25,033.13 $315 $1,575 6.29% • MEDIUM TERM NOTE - CP JD 6.300 12/20/2004 DTD 12/19/97 CALL 12/20/2000 100.00 1ST CPN 06/20/98 =EDERAL NATIONAL MTG ASSOCIATION 25,000 100.278E $25,069.50 $306 $1,531 6.11% MEDIUM TERM NOTE CP JD 06.125 12/19/2002 DTD 12/19/97 CALL 12/19/2000 100.00 1ST CPN 06/19/98 =EDERAL NATIONAL MTG ASSOCIATION 25,000 99.582E $24,895.63 $139 $1,560 6.27% MEDIUM TERM NOTE CP JJ 06.240 01/29/2008 DTD 01/29/98 CALL 01/29/2003 100.00 1ST CPN 07/29/98 [BM CREDIT CORP MEDIUM TERM NOTES 25,000 100.653E $25,163.25 $788 $1,550 6.16% RO FA 6.200 08/28/2000 DTD 08/28/97 BOOK ENTRY ONLY JNITED STATES TREASURY NOTES 25,000 100.531 $25,132.75 $56 $1,438 5.72% CP FA 5 3/4 08/15/2003 DTD 08/15/93 JNITED STATES TREASURY NOTES 25,000 100.469 - $25,117.25 $421 $1,438 5.73% ' CP MN 5,750 11/15/2000 DTD 11/15/97 1ST CPN 05/15/98 'RICED SECURITIES VALUE $707,602.36 $5,421 $25,106 'RUDENTIAL MONEYMART ASSETS FUND 64,369 1.000 $64,369.00 $3,244 5.04% 7-Day Yield HONEY MARKET FUNDS $64,369.00 $3,244 FONAcco unt... :A.�: :lv{:v:.......n:M. .. ... vj::n.?J::vn..nwMnv..:\.:::•:ii?:<^:•?:{•trfi:v,{.:;(i>O:::i:•:i:•> DATE TRANSACTION QUANTITY s. _PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED )IV ON 150 BELL ATLANTIC CRP 02/02 Dividend Income • $115.50 )IV ON 300 BELLSOUTH CORP 02/02 Dividend Income $108.00 ;ISCD SYSTEM INC 02/17 Purchased 200 65.2125 $13,042.50 PSI MAKES MARKET UNSOLICITED :OCA COLA CO DEL 02/17 Purchased 200 68 3/16 $13,692.50 UNSOLICITED v 'RU MONEYMART ASSETS 02/17 Sold -25,776 1.00 $25,776.00 , AUTO REDEMPTION A . Ti % N See reverse side for additional information Prudential S Client Statement 0 S j,(. Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey , :or The Period: Account Number: February 1 - February 28, 1998 VILLAGE OF TEQUESTA 01K-962237-24 Page 4 of 4 :: ...,... :...'....,:;;}:;:: :�':::: :................ .i i:::i:i=:iv...... .....n......n.:.vJ.n.v:v.l�:iv..4visv::j:$.�:::���iii�}j::;'f,.j v:.'v.�'2;:4;*+j >}:v: ' {:}'t':. ;:•,Ci4 :•.C,: ::24i;•4'.C:::i4:'.-6 h.UED)i•:k is ount::>:A t ::E:ti� ICONTINUED)z mnmoan DATE TRANSACTION QUANTITY PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED )IV ON 200 COLGATE PALMOLIVE CO 02/17 Dividend Income $55.00 ----- INT RECEIVED ON 25,000 BONDS OF 02/17 Interest Income $718.75 US TSY NOTES CP FA5 3/4 08/15/2003 HECK 016-065143 PAID ON FLA 02/18 Debit $1,677.00 'RU MONEYMART ASSETS 02/19 Sold -1,622 1.00 $1,622.00 , AUTO REDEMPTION AS OF 02-18-98 :UNDS RECEIVED 02/23 Credit $1,727.34 :UNDS RECEIVED 02/23 .Credit $1,722.20 • =UNDS RECEIVED 02/23 Credit $261.36 :UNDS RECEIVED - 02/23 Credit $124.62 :UNDS RECEIVED 02/23 Credit $207.64 :UNDS RECEIVED 02/23 Credit $8,106.95 =ED NATL MTG MED CP JJ 06.24 01/29/2008 02/24 Purchased 25,000 100.00 $25,108.33 • r ACCRUED INTEREST PAID: $108.33 'RU MONEYMART DIV REINV 01/26 - 02/23 02/24 Dividend 379 Money Fund • 'RU MONEYMART ASSETS 02/24 Sold -12.959 1.00 $12,959.00 , AUTO REDEMPTION )IV ON 300 FANNIE MAE 02/25 Dividend Income $72.00 ' 'RU MONEYMART ASSETS 02/27 Purchased 72 1.00 $72.00 AUTO SUBSCRIPTION INT RECEIVED ON 25,000 BONDS OF 02/27 Interest Income $893:75 N FED NATL MTG MED CP FA07.15 08/27/2012 )IV ON 200 SCHERING PLOUGH CORP 02/27 Dividend Income $38.00 ' )IV ON 300 TRAVELERS GROUP INC 02/27 Dividend Income $37.50 , CAN'T DECIDE WHETHER TO OPEN A TRADITIONAL OR ROTH IRA? WHICHEVER YOU CHOOSE, THERE IS NO TIME LIKE THE PRESENT TO START SAVING FOR THE FUTURE. CALL YOUR FINANCIAL ADVISOR FOR MORE INFORMATION ON YOUR IRA OPTIONS. PRUDENTIAL SECURITIES IS NOT A TAX ADVISOR. H O H O d. N See reverse side for additional information VILLAGE OF TEQUESTA EMPLOYEES' PENSION FUND ALLOCATION OF REVENUE&EXPENSE FEBRUARY 1998 TOTAL FIRE GENERAL POLICE INVESTMENTS AT COST 2/1/98 712,482.33 661,549.61 23,322.52 27,610.20 INTEREST EARNINGS 1,612.50 1,497.23 52.78 62.49 DIVIDEND EARNINGS 805.00 747.45 26.35 31.20 CAPITAL GAINS 0.00 0.00 0.00 CAPITAL LOSSES 0.00 0.00 0.00 CONTRIBUTIONS EMPLOYER 8,700.57 7,157.48 846.02 697.07 CONTRIBUTIONS EMPLOYEE 3,449.54 2,429.59 783.35 236.60 STATE INSURANCE PREMIUM TAX 0.00 TOTAL INCOME 14,567.61 11,831.75 1,708.50 1,027.35 INVESTMENT MANAGER FEES 1,677.00 1,557.12 54.90 64.99 ACTUARY SERVICE FEES 0.00 0.00 0.00 OTHER PROFESSIONAL FEES 0.00 0.00 0.00 DISTRIBUTIONS 0.00 ACCRUED INT PAID ON BOND PURCHASES 108.33 100.59 3.55 4.20 TOTAL EXPENSES 1,785.33 1,657.70 58.44 69.19 NET ADJUSTMENT TO INVESTMENTS 12,782.28 10,174.05 1,650.06 958.17 • INVESTMENTS AT COST 2/28/98 725,264.61 671,723.66 24,972.58 28,568.37 INVESTMENTS PER LOOMIS REPORT 727,907.00 DIFFERENCE BETWEEN LOOMIS &VILLAGE (2,642.39) AMOUNTS OVER TRANSMITTED BY LEAGUE AS OF 2/28/98 802.10 AMOUNT TRANSMITTED BY VOT IN ERROR 2,805.24 CASH BALANCE PRUDENTIAL A/C (970.14) ROUNDING DIFFERENCE (5.19) (S:VOTTR) 'PE' 'WI" 'SE' VCP 'VCG' 'VCP' 'ECP 'ECG' 'ECP' 'O' >RUEDI EQUITY WITHHOLD! EQUITY CAPITAL EMPLOYER EMPLOYER EMPLOYER EMPLOOYE EMPLOYEE EMPLOYEE b ON BO PURCHASE TAX SALES (GAIN) CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI OTHER DR DR CR LOSS DR CR CR DR CR 13,042.50 13,692.50 25,776.00 0.00 1,877.00 0.00 1,622.00 0.00 1,221.88 391.69 113.77 1,207.71 391.66 122.83 3,599.61 423.01 335.21 3,557.87 423.01 381.86 25,000.00 108.33 379.00 12,959.00 0.00 72.00 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 aoo 0.00 0.00 0.00 0.00 0.00 0.00 D8.33 52,186.00 0.00 40,357.00 0.00 7,157.48 846.02 697.07 2,429.59 783.35 238.60 1,677.00 0.00 - 1 I - - ' BOSTON • CHICAGO LOOM IS - SAY LES - 8 - COMPANY, L. P. DETROIT MILWAUKEE INVESTMENT COUNSEL M INN EAPOUS-ST.PAUL NEW YORK PALM BEACH PASADENA SAN FRANCISCO WASH IN GTON PETER V. VAN BEUREN 4400 PGA BOULEVARD,SUITE 600,PALM BEACH GARDENS,FLORIDA 33410 VICE PRESIDENT AND SENIOR PARTNER (407) 775-5880 February 13, 1998 Mr. William Kascavelis, Director of Finance Village of Tequesta P.O. Box 3273 Tequesta,Florida 33458-0273 Re: Village of Tequesta Employees' Pension Trust Fund Dear Bill: Enclosed for your interest and information is the January appraisal for the Village of Tequesta Employees' Pension Trust Fund. This report was run as of the close of business January 30, 1998. There were no security transactions during the month or proxies to vote on. The investment climate continued to be quite volatile after year-end with the first part of the month being quite uncertain resulting in a number of crosscurrents both in the global arena and out of Washington. The bond and stock markets weakened during this period but recovered a substantial amount of losses before months end. February is starting off with somewhat less volatility and a much better tone in day-to-day trading and consequently prices for bonds and stocks have improved somewhat. For your information, I am enclosing some performance figures for the portfolio since the end of October. Three Months* Equities + 12.4% S&P 500 + 7.6% Bonds + 2.4% Merrill Lynch Index (1-10 Years) + 2.4% Total + 6.2% Composite Index + 5.0% 50% S&P/50% Merrill Lynch * Performance inception date 10/31/97. S f LOOMIS-SAYLES-8-COM PANY, L.P. Page Two February 13, 1998 When you have a moment, I would appreciate receiving a signed copy of the recently approved "Investment Guidelines" for our records. If you have any questions concerning the enclosed report or any other matter,please give me a call. With best regards. Sincerely yours, PVVB:jb Encl. cc: Board of Trustees SUMMARY OF INVESTMENT POSITION HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 ESTIMATED TOTAL % ANNUAL CURR CLASSIFICATION MARKET VALUE TOTAL FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 104 ,275 14 . 1 5,376 5 . 2 STRAIGHT BONDS 304 ,529 41 . 2 19 ,319 6 . 4 TOTAL FIXED-INCOME 408,804 55 . 3 24,695 6 . 1 EQUITY HOLDINGS CAPITAL GOODS 47, 113 6 . 4 490 1 . 0 COMMUNICATION SERVICES 32,053 4 .3 894 2 .8 CONSUMER CYCLICALS 15, 125 2 . 0 50 . 3 CONSUMER STAPLES 52,963 7 . 2 747 1 .4 ENERGY 13,700 1 . 9 424 3 . 1 FINANCIALS 81 ,394 11 . 0 937 1 .2 HEALTH CARE 46 , 144 6 .2 370 . 8 TECHNOLOGY 42,500 5 . 7 69 . 1 TOTAL EQUITY 330 ,992 44 . 7 3 ,981 1 . 2 TOTAL PRINCIPAL 739,796 100 . 0 28, 676 3 . 9 ACCRUED INCOME 5,753 TOTAL FUND 745 ,549 I.00MIS. SAYT.ES & COMPANY_ LP. PORTFOLIO DIVERSIFICATION HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE A TOTAL % ESTIMATED TOTAL MARKET % TOTAL ANNUAL CURR CLASSIFICATION COST VALUE SECTOR FUND INCOME YIELD FIXED-INCOME HOLDINGS CASH & EQUIVALENT 104,275 104 ,275 25 .5 14 . 1 5,376 5 . 2 ONE YEAR MATURITIES 24 ,953 25 , 113 6 . 1 3 . 4 1 ,820 7 . 2 SHORT TERM BONDS 175 ,978 177 ,756 43 . 5 24 . 0 11 ,251 6 . 3 MEDIUM TERM BONDS 99,454 101 ,660 24 . 9 13 . 7 6 ,248 6 . 1 TOTAL FIXED-INCOME 404,660 408,804 100 . 0 55 . 3 24, 695 6 . 0 EQUITY HOLDINGS CAPITAL GOODS ELECTRICAL EQUIPMENT 14, 118 15,500 4 . 7 2 . 1 208 1 . 3 MANUFACTURING-DVSFD 15,730 16 ,688 5 . 0 2 .3 114 . 7 MANUFACTURING-SPECIAL 13 ,743 14,925 4 .5 2 . 0 168 1 . 1 TOTAL 43 ,591 47 , 113 14 . 2 6 . 4 490 1 . 0 COMMUNICATION SERVICES TELEPHONE 28,413 32,053 9 . 7 4 . 3 894 2 . 8 CONSUMER CYCLICALS RETAIL-SPECIALTY 13,977 15, 125 4 . 6 2 . 0 50 .3 CONSUMER STAPLES BEVERAGES 11 ,980 10 ,838 3 . 3 1 . 5 150 1 . 4 FOODS 12 ,935 12 ,700 3 . 8 1 . 7 248 2 . 0 HOUSEHOLD PRODS-PERS CARE 29,441 29 ,425 8 . 9 4 . 0 349 1 . 2 TOTAL 54 ,356 52,963 16 . 0 7 . 2 747 1 . 4 ENERGY OIL & GAS-MAJ INTEGRATED 14,505 13 ,700 4 . 1 1 . 9 424 3 . 1 LOOMIS. SAYLES &COMPANY. L.P. PORTFOLIO DIVERSIFICATION HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE B TOTAL % ESTIMATED TOTAL MARKET % TOTAL ANNUAL CURR CLASSIFICATION COST VALUE SECTOR FUND INCOME YIELD FINANCIALS BANKS & THRIFTS 28,417 31 ,094 9 . 4 4 .2 504 1 . 6 FINANCIAL-CONSUMER/DVSFD 29,310 35,431 10 . 7 4 .8 313 . 9 INSURANCE 15,143 14,869 4 . 5 2 . 0 120 . 8 TOTAL 72,870 81 ,394 24 . 6 11 . 0 937 1 . 1 HEALTH CARE HEALTH CARE-DRUGS 24,498 30 ,825 9 . 3 4 . 2 304 1 . 0 HEALTH CARE-MED PROP/SUP 15,655 15,319 4 . 6 2 . 1 66 . 4 TOTAL 40 , 153 46, 144 13 . 9 6 .2 370 .8 TECHNOLOGY COMMUNICATIONS EQUIPMENT 13,227 13,275 4 . 0 1 . 8 45 . 3 COMPUTERS-HARDWARE 12,543 13,025 3 . 9 1 . 8 ELECTRONICS 17,782 16 ,200 4 . 9 2 . 2 24 . 1 TOTAL 43,552 42 ,500 12 . 8 5 . 7 69 . 1 TOTAL EQUITY 311 ,417 330 ,992 100 . 0 44 . 7 3,981 1 . 2 TOTAL PRINCIPAL 716, 077 739,796 100 . 0 100 . 0 28, 676 3 . 9 ACCRUED INCOME 5,753 TOTAL FUND 745,549 LOOMIS. SAYLES &COMPANY. I..P_ HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 1 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD FIXED-INCOME HOLDINGS 104275 SHORT-TERM PAPER MONEY MARKET 104 ,275 104,275 5 . 156 5,376 5 .2 ONE YEAR MATURITIES 25M FEDERAL HM LN BK 99 . 813 24 ,953 100 .453 25, 113 6 . 719C 1 ,820 7 .2 7 . 280 12/04/2012-98 C SHORT TERM BONDS 25M IBM CREDIT CORP MTN 100 . 217 25,054 100 . 804 25,201 5 . 859 1 ,550 6 . 2 6 . 200 08/28/2000 NC 25M FEDERAL HM LN MTG DEBS 100 . 000 25,000 101 . 812 25 ,453 5 . 986C 1 ,676 6 . 6 6 . 705 11/09/2005-00 C 25M U S TREASURY NTS 100 . 375 25 ,094 101 . 062 25 ,266 5 . 335 1 ,438 5 . 7 5 . 750 11/15/2000 NC 25M FEDERAL NATL MTG ASSN 100 . 000 25 ,000 100 . 891 25,223 5 . 785C 1 ,531 6 . 1 6 . 125 12/19/2002-00 C 25M FEDERAL NATL MTG ASSN 100 . 000 25 ,000 100 . 797 25,199 5 . 995C 1 ,575 6 . 3 6 . 300 12/20/2004-00 25M FEDERAL HM LN MTG CORP 101 . 727 25,432 102 . 219 25 ,555 5 . 979C 1 ,693 6 . 6 6 . 770 03/15/2006-01 C 25M FEDERAL NATL MTG ASSN MTN 101 . 590 25,398 103 .437 25,859' 6 . 273C 1 ,788 6 . 9 7 . 150 08/27/2012-02 C TOTAL 175 , 978 177 , 756 11 ,251 6 .3 T.(1(1MTC. S A VT PC & C CIMPANV T P . f HOLDINGS AS OF 01/31/98 NO , 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 2 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD MEDIUM TERM BONDS 25M U S TREASURY NTS 100 . 438 25, 109 101 . 469 25,367 5 . 439 1 ,438 5 . 7 5 . 750 08/15/2003 NC 25M AMERITECH CAPITAL FUNDING 99 . 123 24,781 101 . 367 25,342 6 . 049 1 ,575 6 . 2 6 . 300 10/15/2004 25M FEDERAL HM LN BK SER GJO6 98 . 688 24,672 102 . 766 25,692 5 . 836 1 ,560 6 . 1 6 . 240 12/11/2006 NC 25M BANKERS TRUST NY CORP SUB NTS 99 . 567 24 ,892 101 . 037 25,259 6 . 553 1 ,675 6 . 6 6 . 700 10/01/2007 NC TOTAL 99 ,454 101 , 660 6 ,248 6 . 1 TOTAL FIXED-INCOME 404,660 408,804 24 ,695 6 . 1 EQUITY HOLDINGS CAPITAL GOODS ELECTRICAL EQUIPMENT 200 GENERAL ELEC 70 .588 14, 118 77 . 500 15,500 1 . 040 208 1 . 3 MANUFACTURING-DVSFD 300 ILLINOIS TOOL WORKS INC 52 . 433 15,730 55 , 625 16, 688 . 380 114 . 7 MANUFACTURING-SPECIAL 300 DIEBOLD INC 45 . 808 13,743 49 . 750 14 ,925 . 560 168 1 . 1 LOOMIS. SAYLES & COMPANY. LP. HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 3 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL CAPITAL GOODS 43,591 47, 113 490 1 . 0 COMMUNICATION SERVICES TELEPHONE 150 BELL ATLANTIC CORP 81 . 554 12,233 92 . 563 13,884 3 . 080 462 3 . 3 300 BELLSOUTH CORP 53 . 933 16, 180 60 . 563 18, 169 1 . 440 432 2 . 4 TOTAL 28,413 32,053 894 2 . 8 CONSUMER CYCLICALS RETAIL-SPECIALTY 250 HOME DEPOT 55 . 908 13,977 60 . 500 15 , 125 . 200 50 . 3 CONSUMER STAPLES BEVERAGES 300 PEPSICO INC 39 . 933 11 ,980 36 . 125 10 ,838 . 500 150 1 .4 FOODS 400 CONAGRA INC 32 . 338 12 ,935 31 . 750 12,700 . 620 248 2 . 0 HOUSEHOLD PRODS-PERS CARE 200 COLGATE PALMOLIVE 72 . 400 14,480 73 . 250 14 , 650 1 . 100 220 1 . 5 150 GILLETTE CO 99 . 742 14,961 98 . 500 14 , 775 . 860 129 . 9 TOTAL 29,441 29,425 349 1 . 2 LOOMIS, SAYLES &COMPANY, L.P. • HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 4 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL CONSUMER STAPLES 54,356 52, 963 747 1 . 4 ENERGY OIL & GAS-MAJ INTEGRATED 200 MOBIL CORP 72 . 525 14,505 68 . 500 13, 700 2 . 120 424 3 . 1 FINANCIALS BANKS & THRIFTS 400 NORWEST CORP 32 . 794 13, 118 36 . 438 14 ,575 . 660 264 1 . 8 300 STAR BANC CORP 50 . 996 15 ,299 55 . 063 16 ,519 . 800 240 1 . 5 TOTAL 28,417 31 ,094 504 1 . 6 FINANCIAL-CONSUMER/DVSFD 300 FANNIE MAE 49 . 183 14,755 61 . 750 18,525 . 960 288 1 . 6 250 MGIC INVT CORP WIS 58 . 220 14,555 67 . 625 16,906 . 100 25 . 1 TOTAL 29,310 35,431 - 313 . 9 ' INSURANCE 300 TRAVELERS GROUP INC 50 . 475 15,143 49 . 563 14,869 . 400 120 . 8 TOTAL FINANCIALS 72,870 81 ,394 937 1 . 2 T.00MTS. SAYT ES & COMPANY. 1__P. HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 5 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD HEALTH CARE HEALTH CARE-DRUGS 200 PFIZER INC 64 . 025 12,805 81 . 750 16 ,350 . 760 152 . 9 200 SCHERING-PLOUGH 58 . 463 11 ,693 72 . 375 14 ,475 . 760 152 1 . 1 TOTAL 24,498 30 ,825 304 1 . 0 HEALTH CARE-MED PROP/SUP 300 MEDTRONIC INC 52 . 183 15,655 51 . 063 15 ,319 . 220 66 . 4 TOTAL HEALTH CARE 40 , 153 46 ,144 370 .8 TECHNOLOGY COMMUNICATIONS EQUIPMENT 150 LUCENT TECHNOLOGIES INC 88 . 179 13,227 88 .500 13 ,275 . 300 45 . 3 COMPUTERS-HARDWARE 400 EMC CORP 31 .356 12,543 32 .563 13 , 025 ELECTRONICS 200 INTEL CORP 88 . 909 17,782 81 . 000 16 ,200 . 120 .24 . 1 TOTAL TECHNOLOGY 43,552 42,500 69 . 1 TOTAL EQUITIES 311 ,417 330 ,992 3 , 981 1 . 2 LOOMIS. SAYLES &COMPANY. LP_ HOLDINGS AS OF 01/31/98 NO . 4806P3 VILLAGE OF TEQUESTA PRICED AS OF 01/30/98 EMPLOYEES' PENSION TRUST FUND RUN AS OF 02/05/98 PAGE 6 AVERAGE INCOME ESTIMATED SHARES/ UNIT TOTAL MARKET MARKET RATE/ ANNUAL CURR AMOUNT SECURITY DESCRIPTION COST COST PRICE VALUE YTM INCOME YIELD TOTAL PRINCIPAL 716 ,077 739 ,796 28,676 3 . 9 ACCRUED INCOME 5,753 TOTAL FUND 745 ,549 • • • T.00MTS. SAYTFS & COMPANY_ T.P. . , • f ar Prudential • Client Statement " .PC• Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey For The Period: Account Number: January 1 • January 31, 1998 01K-962237-24 Page 1 of 4 L:Y•:+• ?4i�n Net. :?.'W�ortfi�>�:�> "k:i .oiy ?� Y u a;>ki ;Cfi����i' o r Financ'ial Advisor: FRED P KENNEY •• { ,,,., £y$rk,,:,tip•%{`vii�:tt::4::.4v,.{•:.,w}.,,}„i,,..n.v}:,•.v:kv}.vvr.uv�,v.v.,9f.n.:}.,,,f•:n;C\ti;rj:;{b}4•n,{6.{Y`:{;•}k4•%{\.k\CC{J:C2tit'{'1i::Mi FIRST V.P. INVESTMENTS PRICED SECURITIES VALUE $626.164.48 $835,998.95 2000 PGA BOULEVARD 4 i MONEY MARKET FUNDS $67,443.00 $104,275.00 SUITE 2104 CASH BALANCE $.41 $16.86 NORTH PALM BEACH FL 33408 Telephone Number: 561-694-0200 1-46 E-mail Address: FRED KENNEYalprusec.cam TOTAL NET WORTH $693,607.87 $740,290.81 VILLAGE OF TEQUESTA EMPLOYEES PENSION TRUST FUND ? >, " ., .{}:L+?.},L.,.:,,::{,:.�>.}},..,.:.,.::.::?:.,;�4.:.::.:;.'?.}},:.,:.;:.}'.t.}..r>..}:.:::w'..'.,.:,;,,.;:�.:::;},;::.}:}.: �},}.. A T T N DIRECTOR OF FINANCE Ineo a &4 bistribufions m { r.': {.;}}:},}.:.,`::L..,..,.: <. .n4'n{vl}.:4•i4\::,{�.}}{v..: .1+.;+:C.'v\\:`•}'{Lpy..t:..;,.}v;+.:.\\:•.},v`46:?•h:>{}•.'L4:}?�{}{f+':4'i?'v:�•`.::,L.<,v,::�????:�?:?+•�:. v {v:.v.. `::\+•4�" BOX}...�k\£\,...v\.....,1 A.,,\\ ..n\..•}..,...h.,....,�.n.�}..,:.,.\\.r:..V:............4 rS.....: ..v...:.n.:.....,:..............v.:414...v...}.4•}::}�Y:,.n�,,.S.�'}>}}:{.}??: 32.73 TEQUESTA FL 33469-0273 MONEY FUND DIVIDENDS $269.00 $269.00 DIVIDENDS $210.00 $210.00 InIIniIIeilsil IIrililitilmiilillrnIrillelminliii,IIiI Trading authorization has been given to: LOOMIS SAYLES & CO Copies of this statement are being sent to: LOOMIS SAYLES & CO • MR STEVE PALMOUIST TOTAL INCOME $479.00 $479.00 ogo4.Portfolio b.e:#aii>< ..\:}}?{:{•:\, R•}!{4:{....r:i;`.?• .<.2C:'?}C:?�: xf.TvEGIMMEg ��'C�A{?,£..v.�4v t ?::,LG�:,,, :.. :4;�:.:.:S:$:.£,w.2 :,., ;a,;,..,,..,,,a•}'„v:..,,,,i,,::.a:•`..}:+,�:..,,,.,,,.,,2„v..•}:'t?{x.{tn.:.,•.,�•.{:..,..v.x.vv.,,v.xxv.v.{iv�iit:£\a,,,.,>.o:...,..,,,. ESTIMATED ESTIMATED CURRENT CURRENT ACCRUED ANNUALIZED CURRENT QUANTITY PRICE VALUE INTEREST INCOME YIELD COMMENTS • BELL ATLANTIC CORP 150 92.563** $13,884.45 $462 3.33% BELLSOUTH CORP 300 60.563** $18,168.90 $432 2.38% COLGATE PALMOLIVE CO 200 73.250** $14,650.00 $220 1.50% CONAGRA INC 400 31.750** $12,700.00 $250 1.97% DIEBOLD INC OHIO 300 49.750** $14,925.00 $168 1.13% E M C CORP MASS 400 32.563** $13,025.20 FANNIE MAE 300 61.750** $18,525.00 $288 1.55% GENERAL ELECTRIC CO 200 77.500** $15,500.00 $240 1.55% GILLETTE COMPANY 150 98.500** $14,775.00 $129 .87% • HOME DEPOT INC 250 60.500** $15,125.00 $50 .33% ILLINOIS TOOL WORKS INC 300 55.625** $16,687.50 $144 .86% I 4 a N crap rnvpraa siria fnr additional information r p wruNen ia Uen a e00en-� ��` ���~' � New ��� " Securities Securities Account n���U�����u���0� ����:��U�nvw Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey :or The Period: Account Number: January I ~ January 31. 1998 VILLAGE OF TEQUESTA KIK~962237-24 Page o of 4 smrmArso sor/m^Tco Cunnsmr ounnswr ACCRUED xmwu^uZso ounnswr ouAwr/ry pmos vAu/s /wTsnsor /wcows nsum nowwswra ~~~� lNTsL CORP uoo 81.000°° $16.200.00 $24 .15% ~~~~~ -UCENT TECHNOLOGIES INC 150 oo.soo°° $13.275.00 @*s .34% ~~~� NEDTRONlo INC 000 51.063°° $15.318.e0 *ee .un% ~~�� NGlC INVESTMENT CORP oso 67.e25°^ $16.906.25 $ua .15% muolL CORP uoo 68.500°° $13.700.00 $ao* 3.09% NoRWEST CORP *oo uw.«oa°° *14.e7e.20 *2e4 1.81% PsPalCo INC 000 3e.125°° $10.837.50 $1e0 1.38% q`lZER INC uno 81.750°° *1e.350.00 *152 .ao% oc*EnlNm PLougM CORP 000 72.375*^ $14.475.00 *152 1.05% STAR 8AWC CORPORATION 000 ss.oeo°° *1e.518.90 m240 1.45% TRAVELERS GROUP INC oon *e.emo°° $14.8e8.90 $,ao 1.01% *MERlTsnH nm"lTaL FUNDING CORP NOTES us`uoo 100.81SE *25.204.50 $4ee $1.575 6.25% Ru AO 6.300 10/15/200* DTD 10/10/e7 000n ENTRY ONLY BANKERS THuo7 NEW YnRK sEn A 25,000 101.705s $25.4e6.25 $son $1.675 6.59% NEoIVN TERM NOTES nu *o 6.700 10/01/2007 oTo 10/07/97 DnnK ENTRY ONLY FEDERAL HOME LOAN BANK 25.000 100.781E $2e.1e5.25 $uao $1.820 7.22% CP JD 7.280 12/04/2012 DTD 12/04/97 CALL 12/04/1ee8 100.00 Ior oPm 06/04/e8 FEDERAL HOME LOAN BANK 25,000 102.71eE *25.67e.75 *217 *1.ee0 6.07% CP JD o.u*n 12/11/200e DTD 12/111/ea FEDERAL Moms Lumo MToE CORP 25,000 101.781E o2e.445.25 $oua *1.e76 6.59% CP mN e.705 11/09/2005 DTO 11/0e/95 CmJ- 11/0e/2000 100.00 1ST opN os/os/ae FEDERAL HOME LOAN MTGE CORP 25.000 102.34*E $25,586.00 $eng $1.6e3 6.e2% CP No 6.770 03/15/2006 oTn 03/15/e6 :ALL 03/01/2001 100.00 1ST CPN 09/15/9e FEDERAL NATIONAL NTo ASSOCIATION 25,000 104.3e4E $26,088.50 $765 $1.7e8 6.85% NEolVN TERN NOTE CP FA 07.150 08/27/2012 oTo 08/27/97 CALL 08/27/2002 100.00 IIST CPN 02/27/ee FEDERAL NATIONAL MTG ASSOCIATION 25,000 100.e26E *25.231.50 *18* N1.575 6.24% MEDIUM TERM NOTE CP JD 6.300 12/20/2004 DTD 12/1e/e7 CALL 12/e0/2000 100.00 1ST cPN oo/uo/eo �� � �� Client Statement -- ROW Securities q Securities �� °�"�U���oo�n��� �������U�nnu Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey For The Period: Account Number;VILLAGEJanuany I ~ Jmnumny 31. 1998 �U��� � OF TEQUI ����� OI0K~962237-2 Page n o, 4 sor/M*Tso sor/mxTso cunnswr cunnswr xonnuso xmwuAuZso cunnswr ' quxwr/ry pmcs VALUE /wrsmsor /wcoMs nsLo comwswrn �~~, FEDERAL NATIONAL MTm AauoolATloN 25.000 100.e84E $2e.246.00 $17e *1.531 6.06% MEDIUM TERM NOTE ~�~� CP Jo 06.12e 12/19/2002 o7D 12/1e/97 CALL 12/1e/2000 100.00 1ST cPN 06/1e/e8 ~~~~ IBM CREDIT CORP MEDIUM TERM NOTES 25,000 101.1*eE $25,287.00 %ase *1.550 e.13x RO FA 6.200 oo/ou/u000 DTD 08/28/97 BOOK ENTRY ONLY uNzTso STATES TREASURY NOTES 25,000 101.406 $2e.351.50 $ea* $1.438 5.e7% cp F^ e 3/4 08/1e/2003 o7D 08/15/e3 UNITED STATES TREASURY NOTES 25,000 101.063 *25.e65.75 $310 $1.438 5.69% CP MN e.750 11/15/2000 oTD 11/15/e7 IoT cPm 05/1e/98 PRICED SECURITIES VALUE $635,998.95 $5.303 $23,394 PRUDENTIAL NDNEYMART ASSETS FUND 104.275 1.000 @10*.275.00 *5.2e7 5.08% 7-Day Yield MONEY MARKET FUNDS *104.275.00 $5.297 oArs rnAwo*Crmw ouAwnT, pmos/oomwswro AMOUNT DEBITED AMOUNT CREDITED DlV ON ooV PB'SlCO INC 01/02 Dividend Income $37.50~ puNDa RECEIVED 01/12 uredit $2.e05.24 FUNDS RECEIVED 01/1e credit m1.739.75 FUNDS RECEIVED 01/15 Credit $4.3e4.44 FUNDS RECEIVED 01/1e credit $4.876.e8 ~~ FUNDS nsoslVED 01/15 Credit *1.8e4.e2 FUNDS RECEIVED 01/1e Credit $4.732.48 FUNDS RECEIVED 01/15 Credit $1.e02.e6 � DlV ON 000 STAR 8xNc CORP 01/15 Dividend Income $60.00 pRu NVNEYMART ASSETS 01/1e Purchased ' 22.403 1.00 $22.403.00 *unU ouaocRlPTluN DIV ON 000 ILL TOOL WORKS INC 01/23 Dividend Income $36.00 PRu mowsvmART mlV nsImv 12/31 - 01/25 01/26 Dividend 269 Money Fund See reverse side for-additional-information--.---- I ,; Prudential1110 Client Statement • Sri; Securities Securities Account Prudential Securities Incorporated,a subsidiary of The Prudential Insurance Company of America,Newark,New Jersey , For The Period: Account Number: January 1 - January 31, 1998 VILLAGE OF TEQUESTA 01K-962237-24 Page 4 of 4 'v:1'v tii{:• n -A S vit:. @#�i::�:v.. %�ti.� •(CONTINUEDI.:,..}:::Y•••+ :�:3:��\�i\1\,vvZ•4:1C:{tiA14\..U:t14�{Y:;•:h:14:\{.\1\;\LAbi}:•}�;•'?;i�t{Y:�}.\{iti:uK{i%ti�Vi�\ui{iii�k�iy�;:ti<::i}}.A{.\v:.i+�.ii:.\'JY}',{�h4;}:ti\`�\iy iA\{A,YiftiA.*:J:J.vUy DATE TRANSACTION QUANTITY PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED DIV ON 200 GENERAL ELECTRIC CO 01/26 Dividend Income $60.00 FUNDS RECEIVED 01/27 Credit $1,102.80 vd FUNDS RECEIVED 01/29 Credit $1,745.62 FUNDS RECEIVED 01/29 Credit $1,902.67 ✓ FUNDS RECEIVED 01/29 Credit $4,877.00 ✓ FUNDS RECEIVED 01/29 Credit $4,435.29 PRU MONEYMART ASSETS 01/30 Purchased 14,160 1.00 $14,160.00 AUTO SUBSCRIPTION DIV ON 300 MEDTRONIC INC 01/30 Dividend Income $16.50 IS A NEW ROTH IRA APPROPRIATE FOR YOU? CALL YOUR PRUDENTIAL SECURITIES FINANCIAL ADVISOR. WITH OUR NEW IRA CALCULATOR, WE CAN HELP YOU ANALYZE WHICH IRA OPTION MAY BE MOST BENEFICIAL FOR YOU. 9 a N See reverse side for additional information A. VILLAGE OF TEQUESTA EMPLOYEES' PENSION FUND ALLOCATION OF REVENUE& EXPENSE JANUARY 1998 TOTAL FIRE GENERAL POLICE INVESTMENTS AT COST 1/1/98 679,541.92 635,353.00 19,267.75 24,921.17 INTEREST EARNINGS 0.00 0.00 0.00 DIVIDEND EARNINGS 479.00 447.85 13.58 17.57 CAPITAL GAINS 0.00 0.00 0.00 CAPITAL LOSSES 0.00 0.00 0.00 CONTRIBUTIONS EMPLOYER 23,316.19 19,223.47 2,098.27 1,994.45 CONTRIBUTIONS EMPLOYEE 9,145.22 6,525.29 1,942.92 677.01 STATE INSURANCE PREMIUM TAX 0.00 TOTAL INCOME 32,940.41 26,196.61 4,054.77 2,689.03 INVESTMENT MANAGER FEES 0.00 0.00 0.00 ACTUARY SERVICE FEES 0.00 0.00 0.00 OTHER PROFESSIONAL FEES 0.00 0.00 0.00 DISTRIBUTIONS 0.00 ACCRUED INT PAID ON BOND PURCHASES 0.00 0.00 0.00 TOTAL EXPENSES 0.00 0.00 0.00 0.00 NET ADJUSTMENT TO INVESTMENTS 32,940.41 26,196.61 4,054.77 2,689.03 INVESTMENTS AT COST 1/31/98 712,482.33 661,549.61 23,322.52 27,610.20 INVESTMENTS PER LOOMIS REPORT 716,077.00 DIFFERENCE BETWEEN LOOMIS &VILLAGE (3,594.67) AMOUNTS OVER TRANSMITTED BY LEAGUE AS OF 1/31/98 802.10 AMOUNT TRANSMITTED BY VOT IN ERROR 2,805.24 CASH BALANCE PRUDENTIAL A/C (16.45) ROUNDING DIFFERENCE (3.78) • (S:VOTTR) (B:er0I911 YVI` 'SE' NCP NCO' NCP 'ECP 'ECG ECP '0' WITHHOLD! EQUITY CAPITAL EMPLOYER EMPLOYER EMPLOYER EMPLOOYEE EMPLOYEE EMPLOYEE I TAX SALES (GAIN) CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI CONTRIBUTI OTHER DR CR LOSS DR CR CR DR CR ?NA dK 0.00 2,805.24 L 1,238.80 m✓.rrc-`et.`rT 391.69 109.26 3,649.55 423.01 321.88 • 4,013.69 421.45 441.84 • 1,306.32 391.68 156.52. 3,848.38 423.01 461.09 1;362.43 390.25 149.98 0.00 1,102.80 I ' 1,255.30 379.05 111.27 1,362.44 390.25 149.98 4,013.71 421.45 441.84 3,698.14 409.35 327.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,223.47 2,098.27 1,994.45 6,525.29 1,942.92 677.01 - 0.00 3,908.04