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HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 12_08/06/2007~ ~ SALEM T~ST COMPANY Statement of Account April 1, 2007 Through April 30, 2007 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Account Number :80103784 ACCOUNT MANAGER Karen Russo 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attn: Gwen Carlisle 345 Tequesta Drive Tequesta, FL 33469-0273 April 01, 2007•pril 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 Net Asset Summary Net Assets Beginning 04/01/2007 $ 3,759,599.24 1.0 Summary Of Receipts 1.1 Cash Contributions 24 020 27 12 - 1 4 Earnings from Investments o ,470.0 Total Receipts 32,390.32 2.0 Summary Of Disbursements 2 1 Distribution Of Benefits O OD 2 2 Olher Distributions 0 09 2.3 Administration Expenses 734.55 2 4 Olher Expenses 998.51 Total Disbursements -1,723.06 3.0 Changes In Net Assets 3 1 Unrealized Gain (Loss) G4,48i 87 3.2 - 3 3 Changes In Investments O Op 3 4 Gam (Loss) On Sale of Assels Aggregate Proceeds 198.328 46 Less. Aggregate Carry Value (Market Value) 198,638.29 Total Gain/Loss -309.83 3.5 Accrued Income -Interest 12,748 76 3.6 Accrued Income -Dividend 1,268 75 Total Accrued Income 14,017.51 Less. Prior Accrued Income 14.063 8~ Total Changes In Net Assets 64,125.74 Net Assets Ending 04/30/2007 $ 3,854,392.24 STC 74 EBRZNAS-Net Asset Summary Page 2 • April 01, 2007•pril 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Investments Acquired GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Deposits For The Entire Period Bear Stearns Series 2007-T26 5.330°/0 01/12/45 Purchased 25000 Par Value At 100.54856 Trade Date :04/05/2007 Settlement Date :04/18/2007 Broker: Bear Stearns Securities Corp. CenturyTel Inc Purchased 1186 Shares At 45.669 Per Share Trade Date :04/05/2007 Settlement Date 04/11/2007 Broker. Lynch Jones & Ryan Thermo Fisher Scientific Inc Purchased 1119 Shares At 48.4034 Per Share Trade Date :04/05/2007 Settlement Date 04!11/2007 Broker: Lynch Jones & Ryan Wachovia Bank Ser 2005-C19 4.661% 05/15/44 Purchased 35000 Par Value At 97.437514 Trade Date .04/02/2007 Settlement Date 04/05/2007 Broker: Bear Stearns Securities Corp. T'ota! Investments Acquired Market I3asis 61, 382.52 25,137.14 54.187.15 54,185.78 34,103.13 228.995.72 STC 74 EBR2CIA-Changes in Investments Page 3 • April 01, 2007~pri1 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Other Changes 04/06/2007 NYSE Euronext Received 680 Per stock merger eHecCive 04/04/07 04/06/2007 NYSE Group Inc Delivered 680 Per stock merger effective 04/04/07 Total Other Changes Market Basis 63,750.00 -63,750.00 o.oo STC 74 EBR2CIA-Changes in Investments Page 4 • April 01, 200~pril 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest U S Treasury Note 4.000% 11/l5/12 04!10!2007 Accrued Interest On Sale 403.31 Symbol: 912828AP5 403.31 FHLB 4.700% 10/04/11 04/04/2007 Rate 2.35 Payable 04/04/2007 On 50000.00 Par 1.175.00 Symbol: 3133X8R07 1,175.00 GNMA Pass Thru Pool #599190 6.000"/" 03/15/35 04/16/2007 Rate 0.5 Payable 04/15/2007 On 30128.26 Par 150.64 Symbol: 36200EUP4 150.64 GNMA Pass Thru Pool #640896 7.000"/° 04/15/35 04/16/2007 Rate 0,58333333 Payable 04/15/2007 On 79607.35 Par 464.38 Symbol: 36291 W7H8 464.38 GNMA Pass Thru Pool #641273 4.500"/° 04/15/35 04/16/2007 Rate 0.375 Payable 04/15/2007 On 71971.09 Par 269 89 Symbol: 36291 XMW6 269.89 FNMA Pass Thru Pool #725773 5.500% 09/01/34 04;25/2007 Rate 0.45833333 Payable 04/25/2007 On 24886.36 Par 114.06 Symbol: 31402DJS0 114.06 GS Financial Sq Trsy Oblig Adm 04/02/2007 996.30 Symbol: 38141XXXX STC 74 EBR2EFl-Earnings from Investments Page 5 Account Name : Tequesta Public Safety Earnings From Investments Interest April 01, 2007~pril 30, 2007 FNMA Pass Thru Pool #735503 6.000% 04/0 U35 04/25/2007 Rate 0.5 Payable 04/25/2007 On 38452.43 Par Symbol: 31402RDG1 FNMA Pass Thru Pool #835760 4.500% (19/01/35 04/26/2007 Rate 0.375 Payable 04/25/2007 On 63933.62 Par Symbol. 31407NOM8 FNMA Pass Thru Pool #735897 5.500% l0/01/35 04/25/2007 Rate 0.45833333 Payable 04/25!2007 On 81536.19 Par Symbol: 31402RRS0 Lehman I3rothers 1loldings 5.500% 04/04/16 04/04/2007 Rate 2.75 Payable 04/04/2007 On 15000.00 Par Symbo1:52517PF63 MidAmerican P;nergy Co 4.650°i~ 10/01/14 04/02/2007 Rate 2.325 Payable 04101!2007 On 15000.00 Par Symbol: 595620AD7 LB-UI3S Comm Mtge Tr 2007-C1 5.398% 02/15/40 04/18/2007 Rate 0.44983333 Payable 04/15/2007 On 30000.00 Par Symbol: 50179AAC1 LB-UBS Comm Mt~c "1'r 2004-C8 4.510% 12/15/29 04/18/2007 Rate 0.37583333 Payable 04/15/2007 On 30000.00 Par Symbol: 52108HU51 STC 74 EBR2EF1-Earnings from Investments • Account No :80103784 996.30 192.26 192.26 239.75 239.75 373.71 373.71 41250 412.50 348.75 348.75 134.95 134.95 112.75 Page 6 • April 01, 200~pril 30, 2007 Account Name : Tequesta Public Safety Earnings From Investments Interest Wachovia Bank Scr 2005-C19 4.661",~, 05/15/44 04/05/2007 Accrued Interest On Purchase Symbol 929766X24 Bear Stearns Series 2007-T26 5.330°/~ 01/12/45 04/18/2007 Accrued Interest On Purchase Symbol 07388VAB4 7btal Interest STC 74 EBR2EF1-Earnings from Investments • Account No :80103784 112.75 -18.13 -18.13 -62.92 -62.92 5,307.20 Page 7 • Account Name : Tequesta Public Safety Earnings From Investments April 01, 200~pril 30, 2007 Federated llepartment Stores 04/02/2007 1300 Shares At 0.1275 Per Share 165 7~i Symbol: 31410H101 [3e~ina (II J) Co 04/1012007 1060 Shares At 0.35 Per Share 371.00 Symbol: 423074103 Hewlett-Packard Co 04/04/2007 1385 Shares At 0.08 Per Share 110.80 Symbol: 428236103 Intl Dame Technology 04/02/2007 1300 Shares At 0.13 Per Share 169.00 Symbol: 459902102 JP Morgan Chase & Co 04/30/2007 1100 Shares At 0.34 Per Share 374 Ott Symbol: 46625H100 Kraft 1+'oods Inc A 04/04!2007 1350 Shares At 0.25 Per Share 337.50 Symbol. 50075N104 McCormick & Co Non Voting Shrs 04/20/2007 1250 Shares At 0.2 Per Share 250.00 Symbol: 579780206 165.75 371.00 110.80 169.00 374.00 337.50 250.00 • Account No :80103784 STC 74 EBR2EFl-Earnings Irom Investments Page 8 • Account Name : Tequesta Public Safety Earnings From Investments Dividends P G & F Cnrp 04/16/2007 1050 Shares At 0.36 Per Share Symbol. 69331 C108 PPL Corp 04/0212007 1400 Shares At 0.305 Per Share Symbol: 693517106 Precision Castparts Corp 04/02/2007 760 Shares At 0.03 Per Share Symbol: 740189105 Safeway Inc 04/20/2007 1720 Shares At 0.0575 Per Share Symbol 786514208 T Kowe Price G--oup Inc 04/09/2007 1150 Shares At 0.17 Per Share Symbol 741447108 'Cyco International Ltd 04!2312007 1626 Shares At 0 1 Per Share Symbol: 902124106 Total Dividend April 01, 2007•pril 30, 2007 378.00 427.00 22.80 98.90 195.50 162.60 3,062.85 • Account No :80103784 STC 74 EBR2EFI•Earnings from Investments 378.00 427.00 22.80 98.90 195.50 162 60 Page 9 • Account Name : Tequesta Public Safety Earnings From Investments Vooled Funds Total Ea~~nings Paid April 01, 200~pril 30, 2007 No Data Qualifies 8,370.05 • Account No :80103784 STC 74 EBR2EFI-Earnings from Investments Page 70 • April 01, 2007 ~ril 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Inc~orne -Interest U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par gS8 5g Symbol 9128275N8 FNMA Pass Thru Pool #735503 6.000°,% 04/01/35 37821.78 Par Value At 0.06 Par 182.81 Symbol: 31402RDG1 FNMA Pass Thru Pool #735897 5.500% 10/01/35 80562.48 Par Value At 0.055 Par 356.94 Symbol: 31402RRS0 GS Financial Sq Trsy Oblig Adm 254526.87 Par Value At 0.0478 Par ggg 77 Symbol: 38141 XXXX FNMA Pass Thru Pool #725773 5.500% 09101/34 24581.57 Par Value At 0.055 Par 108.91 Symbol 31402DJS0 FNMA Pass Thru Pool #835760 4.500% 09/01/35 63418.44 Par Value At 0.045 Par 229 89 Symbol. 31407NOM8 LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15/29 30000 Par Value At 0.0451 Par 71.41 Symbol: 52108HU51 Wachovia Bank Series 2005-C19 4.661% 05/15/44 35000 Par Value At 0.04661 Par 131.41 Symbo1:929766X24 STC 74 EBR2AE1-Accrued Earnings Page 11 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest April 01, 200•April 30, 2007 • Account No :80103784 Bear Stearns Series 2007-T26 5.330% 01/12/45 25000 Par Value At 0.0533 Par 107.34 Symbol: 07388VAB4 LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/40 30000 Par Value At 0.05398 Par 85 47 Symbol. 50179AAC1 U S Treasury Note 4.875% 07/31/11 70000 Par Value At 0.04875 Par 83g gg Symbol: 912828FN5 U S Treasury Note 4.625% 11/15/16 115000 Par Value At 0.04625 Par 2 438 98 Symbol 912828FY1 Lehman Brothers Holdings 5.500%04/04/16 15000 Par Value At 0.055 Par 59 58 Symbol 52517PF63 MidAmerican Energy Co 4.650% 10/01/14 15000 Par Value At 0.0465 Par 56 19 Symbol: 595620AD7 U S Treasury Note 5.125°/ 05/15/16 20000 Par Value At 0.05125 Par 470.03 Symbol: 912828FF2 U S Treasury Note 4.875% 05/31/11 30000 Par Value At 0.04875 Par 606.70 Symbol. 912828FH8 SIG 74 EBR1AEl-Accrued Earnings Page 12 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest. April 01, 2007 ~ril 30, 2007 • Account No :80103784 FNMA 5.000% 01/23/09 60000 Par Value At 0.05 Par 808.33 Symbol: 31359ME74 Cisco Systems 5.500% 02/22/16 11000 Par Value At 0.055 Par 114.28 Symbol. 17275RAC6 U S Treasury Note 3.625% 06/15/10 80000 Par Value At 0.03625 Par 1.083.52 Symbol: 912828DX5 FNMA 4.250% 09/28/07 50000 Par Value At 0.0425 Par 188 gg Symbol: 31359MZD8 FHLMC 5.750% 03/15/09 20000 Par Value At 0.0575 Par 143 75 Symbol: 3134A3EM4 Procter & Gamble Co 4.950% 08/15/14 10000 Par Value At 0.0495 Par 103.13 Symbol. 742718DA4 SBC Communications 5-100%09/15/14 10000 Par Value At 0.051 Par 63 75 Symbol: 78387GAP8 GNMA Pass Thru Pool #599190 6.000% 03/15/35 30096.44 Par Value At 0.06 Par 145.47 Symbol: 36200EUP4 STC 74 EBR2AE1-Accrued Earnings Page 13 • April 01, 20t~April 30, 2007 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest • Account No :80103784 GNMA Pass Thru Pool #640896 7.000% 04/15/35 79524.93 Par Value At 0.07 Par 448.43 Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 69464.88 Par Value At 0.045 Par 251.81 Symbol: 36291XMW6 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par 169 72 Symbol: 3133X8RQ7 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 27"~ 44 Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30/09 50000 Par Value At 0.041 Par 170.83 Symbol: 3133X15Y9 FNMA 5-500 % 03/15/11 105000 Par Value At 0.055 Par 721 88 Symbol: 31359MHK2 U S Treasury Note 4.000% 11/15/12 25000 Par Value At 0.04 Par 458.56 Symbol: 912828AP5 Accrued Income - IntereSl 12,748.76 S TC 74 EBR2AEl-Accrued Earnings Page 14 • April 01, 2007•pril 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends Alliant Energy Corp AT&T Inc Colgate-Palmolive Co 1300 Shares At 0.3175 Per Share 412.75 Symbol: 018802108 1600 Shares At 0.355 Per Share 568.00 Symbo1:00206R102 800 Shares At 0.36 Per Share 288 pp Symbol. 194162103 Accrued Income -Dividends Total Accrued Income 14,017.51 1,268.75 STC 74 EBR1AEl-Accrued Earnings Page 15 • Account Name : Tequesta Public Safety Balance Sheet April 01, 20~ April 30, 2007 • Account No :80103784 As Of 04/01/2007 Cost Value Market Value As Of 04/30/2007 Cost Valuc Market Value Cash And Receivables Cash 0.00 0.00 0.00 0.00 Due From Broker 0.00 0.00 0.00 0.00 Accrued Income 14,063.81 14,063-81 14,017.51 14,017.51 Tnlal Cash And Receivables 14,063.81 14,063.81 14,017.51 14,017.51 Cash Equivalents Money Market Funds 267,323.62 267,323.62 254.526.87 254,526.87 Total Cash F,quivalents 267,323.62 267,323.62 254,526.87 254,526.87 Fixed Income U S Government & Agencies 801,350.15 796,521.89 777,696.83 772,912.53 Corporate Obligations 59,431.12 59,950.43 59,431.12 60.102.63 Non Govt MBS/CMO/ABS 59,537.29 59,436.90 118,777.56 118,536.00 Govt MBS/CMO/ABS 205,336.23 204,458.93 202.935.12 202,033.35 GNMA Mortgage Pass Thru 187,245.43 181,535.25 184,672.41 179097.45 Total Fixed Income 1,312,900.22 1,301,903.40 1,343,513.04 1,332,681.96 Equity Equity 1,744,320.59 2,176,308.41 1,753,711.98 2,253,165.90 Total Equity 1,744,320.59 2,176,308.41 1,753,711.98 2,253,165.90 Total Holdings 3,324,544.43 3,745,535.43 3,351,751.89 3,840,374.73 TOTAL ,9SSET.S 3,338,608.24 3,759,599.24 3,365,769.40 3,854,392.24 Payables Due To Broker 0.00 0.00 0.00 0.00 Total Payables 0.00 0.00 0.00 0.00 TOTAL LIABILITIES 0.00 0.00 0.00 0.00 Total Net Ansel V"aloe 3,338,608.24 3,759,599.24 3,365,769.40 3,854,392.24 Total Liabilities And Equity 3,338,608.24 3,759,599.24 3,365,769.40 3,854,392.24 STC 74 EBR28LS-Balance Sheet Page 16 • Account Name : Tequesta Public Safety April 01, 200~pril 30, 2007 Investment Summary • Account No :80103784 Beginning Endint; Investment Of Period Of Period Change Cash Equivalents Cash Money Markel Funds 'Total Cash Equivalents Fixed Income U S Government & Agencies Corporate Obligations Non Govt MBS/CMO/ABS Govt MBS/CM0/ABS GNMA Mortgage Pass Thru Total Fixed Income Equity Equity 'Total Equity Changes In Investment -Other Total Changes In Investment -Other Realised Gain/Loss On Sales Proceeds Less: Aggregate Carry Value (Market Value) Net Period Accruals Accrued Income Accrued Income Less. Prior Accrued Income Total Accrued Income Investment Summary Total Total Changes 1n Net Assets 0-00 0.00 267,323.62 254,526-87 267,323.62 254,526.87 0.00 796,521.89 772,912.53 734.39 59,950.43 60,102-63 152.20 59,436.90 1 18.536.00 -141.17 204,458.93 202,033.35 -3Fi 37 181,535.25 179.097.45 53.26 1,301,903.40 1,332,681.96 762.31 2,176,308.41 2.253,165.90 63,719.56 2,176,308.41 2,253,165.90 63,719.56 0.00 198,328.46 198,638.29 0.00 0.00 -309.83 14,063.81 14,017.51 14,017.51 14,063.81 14,063.81 14,017.51 -46.30 $ 3,759,599.24 $ 3,854,392.24 $ 64,125.74 STC 74 EBR2S0!•lnvestment Summary Page 17 • April 01, 20l~April 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions Employee Contributions Other Contributions Tolul Earnings From Investments 1.2 Interest 1 3 Dividends 1.4 Pooled Funds Tota! Total Receipts Summary of Disbursements 2.l Distribution Of Benefits Total 2.2 Other Distributions Tota[ 2.3 Administration Expenses Fees And Commissions Total 2.4 Other Expenses Miscellaneous Expense Total 'Iola[ Disbursements S TC 74 EBR2SOR-Summary o(Receipts 15.522.32 8,497.95 0.00 24.020.27 5,307.20 3,062.85 0.00 8,370.05 $ 32,390.32 0.00 0.00 -734.55 -734.55 988.51 -988.51 1,723.06 Page 18 • April 01, 200~pril 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Contributions T,mployer Contribution 04/09/2007 Employer Contribution 7.850.33 For payroll period ending 03/31/07 04/23/2007 Employer Contribution 7,671.99 For payroll period ending 04/14/07 Total Employer Conb•ibution 15,522.32 Employee Contributions 04/09/2007 Employee Contributions 4,319.79 For payroll period ending 03/31/07 04/23/2007 Employee Contributions 4.178.16 For payroll period ending 04/14/07 Total Employee Conlrihutions 8,497.95 Total Cash Conh~ibutions 24,020.27 STC 74 EBR2COR-Contribufions 8 Other Receipts Page 19 • Account Name : Tequesta Public Safety April 01, 20~April 30, 2007 Other Receipts No Data Qualifies • Account No :80103784 STC 74 EBRICOR•Contributions 8 Other Receipts Page 10 Account Name : Tequesta Public Safety Distribution Of Benefits April 01, 2007•pril 30, 2007 • Account No :80103784 No Data Qualifies STC 74 EBR2DAE-Distribution & Expenses Page 21 • Account Name : Tequesta Public Safety Other Disbursements April 01, 20~April 30, 2007 • Account No :80103784 No Data Qualifies STC 74 EBR2DAE-Distribution 8 Expenses Page 22 • April 01, 2007~pril 30, 2007 Account Name : Tequesta Public Safety Administrative Expenses • Account No :80103784 Tees And Commissions 04/09/2007 To : Activity Salem Trust Company 04/09/2007 To Activity Salem Trust Company 04/09/2007 To : Activity Salem Trust Company 04/09/2007 To Market Salem Trust Company Based On The Market Value Of :3.745,535.43 Tota Fees And Commissions Total Administrative Expenses 210.00 -30.00 120.00 374.55 734.55 734.55 STC 74 EBR2DAE-Distribution 8 Expenses Page 23 • Account Name : Tequesta Public Safety Other Expenses Miscellaneous Expense 04/13/2007 To : Kenneth Nielson Reimbursment of expenses FPPTA Total Miscellaneous Expense Total Other Expenses April 01, 2~ April 30, 2007 988.51 -988.51 -988.51 • Account No :80103784 Page 24 • April 01, 2007~ri1 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date. Description income Principal * * * Starting Bala~ace,c * * * $ 0.00 $ 0.00 04/02/2007 Dividend 165.75 Payable On 04/02/2007 Federated Department Stores 1300 Shares At 0.1275 04/0212007 Dividend 169 00 Payable On 04/02/2007 Intl Game Technology 1300 Shares At 0.13 04/02/2007 Dividend 427.00 Payable On 04/01/2007 PPL Corp 1400 Shares At 0.305 04/02/2007 Dividend 22 80 Payable On 04/02/2007 Precision Castparts Corp 760 Shares At 0.03 04/02/2007 Interest 348.75 MidAmerican Energy Co 4.650% 10/01/14 Payable On 04/01/2007 Received On 15000 Units 04/02/2007 Interest 996.30 GS Financial Sq Trsy Oblig Adm Payable On 03/31/2007 04/04/2007 Dividend 110.80 Payable On 04/04/2007 Hewlett-Packard Co 1385 Shares At 0.08 STC 74 LARGE FONT -Transactions (1 colt - NEWTRNH Page 25 • April 01, 20~April 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 04/04/2007 Dividend 337.50 Payable On 04/04/2007 Kraft Foods Inc A 1350 Shares At 0.25 04/04/2007 Interest 1,175.00 FHLB 4.700% 10/04/11 Payable On 04/04/2007 Received On 50000 Units 04/04/2007 Interest 412.50 Lehman Brothers Holdings 5.500% 04/04/16 Payable On 04/04/2007 Received On 15000 Units 04/05/2007 Purchased On 04/02/2007 35000 Units -34,103.13 Wachovia Bank Ser 2005-C19 4.661% 05/15/44 3.5000 Units At $ 97.437514 Per Unit Through Bear Stearns Securities Corp. 04/05/2007 Purchase Accrued Interest -18.13 Wachovia Bank Ser 2005-C19 4.661 % 05/15/44 To 04/05/2007 04/06/2007 Exchange -Free Deliver Distributed -680 Units NYSE Group Inc Per stock merger effective 04/04/07 04/06/2007 Exchange -Free Receipt 680 Units NYSE Euronext Per stock merger effective 04/04/07 04/09/2007 Dividend 195.50 Payable On 04/09/2007 T Rowe Price Group Inc 1150 Shares At 0.17 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 26 • April 01, 2007~ri1 30, 2007 • Account Name :Tequesta Public Safety Account No :80103784 Transactions Date Description 04/09/2007 Activity Fee Schedules STC 104 - $10 Security/$3 Rec Per Pymt Fee Date: 03/31/2007 Frequency: Quarterly 11 Purchase 10 Sale TOTAL ACTIVITY FEE 100.00 % From Principal, 0.00 % From Income 04/09/2007 Activity Fee Schedule: STC 117 - $15 Lump Sum Payments Fee Date: 03/31/2007 Frequency: Quarterly 2 Disbursement of Cash (Checks) TOTAL ACTIVITY FEE 100.00 % From Principal, 0.00 % From Income 04/09/2007 Activity Fee Schedule: STC 129 - $15 Professional Fees Fee Date: 03/31/2007 Frequency: Quarterly 1 Disbursement of Cash 7 Disbursement of Cash (Checks) TOTAL ACTIVITY FEE 100.00 % From Principal, 0.00 % From Income 04/09/2007 Market Value Fee Based On A Market Value: 3,745,535.43 Fee Date: 04/30/2007 Frequency: Quarterly Schedule :STC 102 - 4/3/2 BP TOTAL DUE - Adjusted (Quarterly ) 100.00 % From Principal, 0.00 % From Income 04/09/2007 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta For payroll period ending 03/31/07 110.00 100.00 210.00 30.00 30.00 15.00 105.00 120.00 1,498.21 374.55 Tncame Principal -210.00 -30.00 -120.00 374.55 7,850.33 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 27 April 01, 2~ April 30, 2007 • Account lame : Te uesta Public Safet q Y Account No :80103784 Transactions Date Description 04/09/2007 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta For payroll period ending 03/31/07 04/10/2007 Dividend Payable On 04/10/2007 Heinz (H J) Co 1060 Shares At 0.35 04/10/2007 Sold On 04/05/2007 25000 Units U S Treasury Note 4.000% 11 /15/12 25000 Units At $ 97.23828 Through Deutsche Bank 04/10/2007 Accrued Interest Received U S Treasury Note 4.000% 11/15/12 Par Value Of 25,000.00 04/11/2007 Purchased On 04/05/2007 1119 Units Thermo Fisher Scientific Inc 1119 Units At $ 48.4034 Per Unit Through Lynch Jones & Ryan 04/11/2007 Purchased On 04/05/2007 1186 Units CenturyTel Inc 1186 Units At $ 45.669 Per Unit Through Lynch Jones & Ryan 04/11/2007 Sold On 04/05/2007 1300 Units Intl Game Technology 1300 Units At $ 40.2208 Through Lynch Jones & Ryan 04/11/2007 Sold On 04105/2007 1350 Units Kraft Foods Inc A 1350 Units At $ 31.5276 Through Lynch Jones & Ryan S TC 74 LARGE FONT -Transactions (1 col) - NEWTRNH Income Principal 4,319.79 371.00 24.309.57 403.31 -54,185.78 -54.187.15 52,260.24 42,534.60 Page 28 April 01, 2007•pril 30, 2007 • Account Name : Te uesta Public Safet q Y Account No :80103784 Transactions Date Description Income Principal 04/13/2007 Cash Disbursement -988.51 Miscellaneous Expense Paid To :Kenneth Nielson Reimbursment of expenses FPPTA 04116/2007 Dividend 378.00 Payable On 04/15/2007 PG&ECorp 1050 Shares At 0.36 04116/2007 Mortgage Backed -GNMA Principal 31.82 On 04/15/2007 GNMA Pass Thru Pool #599190 6.000% 03/15/35 04/16/2007 Mortgage Backed -GNMA Interest 150.64 GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 04/15/2007 Received On 30128.26 Units Principal Balance Reduction of 31.820000 04/16/2007 Mortgage Backed -GNMA Principal 82 42 On 04/15/2007 GNMA Pass Thru Pool #640896 7.000% 04/15/35 04/16/2007 Mortgage Backed -GNMA Interest 464.38 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 04/15/2007 Received On 79607.35 Units Principal Balance Reduction of 82.420000 04/16/2007 Mortgage Backed -GNMA Principal 2,506.21 On 04/15/2007 GNMA Pass Thru Pool #641273 4.500% 04/15/35 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH page 29 • April 01, 20~April 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 04/16/2007 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 04/15/2007 Received On 71971.09 Units Principal Balance Reduction of 2506.210000 04/18/2007 Mortgage Backed -Other Pass Through Interest LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/40 Payable On 04/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 04/18/2007 Mortgage Backed -Other Pass Through Interest LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15/29 Payable On 04/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 04/18/2007 Purchased On 04/05/2007 25000 Units Bear Stearns Series 2007-T26 5.330% 01/12/45 25000 Units At $ 100.54856 Per Unit Through Bear Stearns Securities Corp. 04/18/2007 Purchase Accrued Interest Bear Stearns Series 2007-T26 5.330% 01/12/45 To 04/18/2007 04/20/2007 Dividend Payable On 04/20/2007 Safeway Inc 1720 Shares At 0.0575 04/20/2007 Dividend Payable On 04/20/2007 McCormick & Co Non Voting Shrs 1250 Shares At 0.20 269.89 134.95 112.75 -25.137.14 -62.92 98.90 250.00 STC 74 LARGE FONT -Transactions (2 col) • NEWTRNH Page 30 • April 01, 2007~ri1 30, 2007 • Account Name :Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 04!23/2007 Dividend Payable On 04/23/2007 162.60 Tyco International Ltd 1626 Shares At 0.10 04/23/2007 Scheduled Cash Deposit Employer Contribution 7,671.99 Received From :Village of Tequesta For payroll period ending 04/14/07 04/23/2007 Scheduled Cash Deposit Employee Contributions 4,178.16 Received From :Village of Tequesta For payroll period ending 04/14/07 04/25/2007 Mortgage Backed -Other Pass Through Principal On 04!25/2007 304.79 FNMA Pass Thru Pool #725773 5.500% 09/01/34 04/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #725773 5.500% 09/01/34 114.06 Payable On 04/25/2007 Received On 24886.36 Units Principal Balance Reduction of 304.790000 04/25/2007 Mortgage Backed -Other Pass Through Principal On 04/25/2007 630.65 FNMA Pass Thru Pool #735503 6.000% 04/01/35 04/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735503 6.000% 04/01/35 192.26 Payable On 04/25/2007 Received On 38452.43 Units Principal Balance Reduction of 630.650000 04/25/2007 Mortgage Backed -Other Pass Through Principal On 04/25/2007 973.71 FNMA Pass Thru Pool #735897 5.500% 10/01!35 S TC 74 LARGE FONT • Transactions (2 col) - NEWTRNH Page 3f April 01, 2~o April 30, 2007 Accou~ame : Tequesta Public Safety • Account No :80103784 Transactions Date Description _ Income Principal 04/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735897 5.500% 10/01!35 Payable On 04/25/2007 Received On 81536.19 Units Principal Balance Reduction of 973.710000 04/26/2007 Mortgage Backed -Other Pass Through Principal On 04/25/2007 FNMA Pass Thru Pool #835760 4.500% 09/01/35 04/26/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #835760 4.500% 09/01/35 Payable On 04/25/2007 Received On 63933.62 Units Principal Balance Reduction of 515.180000 04/30/2007 Dividend Payable On 04/30/2007 JP Morgan Chase & Co 1100 Shares At 0.34 Short Term lnvestmenf Summary 04/01/2007 To 04/30/2007 10 Purchase(s)For 5 Sale(s) For * * * Ending Balances 373.71 515.18 239.75 374.00 0.00 -61,382.52 0.00 74,179.27 $ 0.00 $ 0.00 S TG 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 32 • April 01, 2007~ri1 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 Gain (Loss) On Sale Of Assets Prior Period Ending Market Value Proceeds Gain/(Loss) (Aggregate Cost Basis) FNMA Pass Thru Pool #725773 5.500% 09/01/34 FNMA Pass Thru Pool #735503 6.000% 04/01/35 FNMA Pass Thru Pool #735897 5.500°~b 10/01/35 FNMA Pass Thru Pool #835760 4.500% 09/01/35 GNMA Pass Thru Pool #599190 6.000% 03/15/35 GNMA Pass Thru Pool #640896 7.000% 04/15/35 GNMA Pass Thru Pool #641273 4.500% 04/15/35 GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Withdrawls For The Entire Period Intl Game Technology Sold 1300 Shares At 40.22 Per Share, Less Expenses Trade Date ~ 04/05/2007 Settlement Date ~. 0411 1 /2 007 Broker: Lynch Jones & Ryan Kraft Foods Inc A Sold 1350 Shares At 31.53 Per Share, Less Expenses Trade Date :04705/2007 Settlement Date ~ 04111/2007 Broker. Lynch Jones & Ryan U S Treasury Note 4.000°/ 11/15/12 Sold 25000 Par Value At 97,24 Per ,Less Expenses Trade Date :04/05/2007 Settlement Date :04/10/2007 Broker: Deutsche Bank Total Gain (Los,c) O~i Sales 302.12 304.79 2.67 638.18 630.65 -7.53 964.52 973.71 9.19 484.39 515.18 30.79 32.25 31-82 -0 43 85.78 82.42 -3.36 2,373-03 2,506.21 133.18 74,179.27 74.179.27 0.00 52,494.00 52.260.24 -233.76 42.741.00 42,534.60 -20F 40 24,343.75 24.309.57 -34.18 198,638.29 198,328.46 -309.83 STC 74 EBR2GLS-Gain(Loss) on Sale o/Asset Page 33 • Account Name : Tequesta Public Safety List Of Assets cASx Money Market Funds GS Financial Sq Trsy Oblig Adm 254526.87 Par Value Total Money Market Funds Fixed Income U S Government & Agencies FHLB 50000 Par Value FHLB Series UD09 25000 Par Value FHLB Series X209 50000 Par Value FHLMC 20000 Par Value FNMA 50000 Par Value FNMA 60000 Par Value FNMA 105000 Par Value U S Treasury Note 25000 Par Value U S Treasury Note 70000 Par Value April 01, 200~pril 30, 2007 Prior Period Current Current Ending Market Value Market Unit Market Value (Aggregate Market Value) Price 0.00 0.00 • Account No :80103784 Unrealized Gain/(boss) 0.00 o.oo o.oo o.oo 254,526.87 1.00 254,526.87 0 00 254,526.87 254,526.87 0.00 4.700% 10/04/2011 49.203.13 0.985313 49.265.63 62.50 5.250°% 02!13/2009 25,156.25 1.00625 25,156.25 0.00 4.100 % 03!30/2009 49,265.63 0.98625 49,312.50 46.87 5.750% 03/15/2009 20,318.75 1.015313 20,306.25 -12.50 4.250% 09/28/2007 49,734.38 0.995938 49,796.88 62.50 5.000°,% 01/23/2009 60,093.75 1.001875 60,112.50 18.75 5.500% 03/15/2011 107,395.31 1.023125 107,428.13 32 82 4.000% 11!15/2012 24,343.75 0.975625 24,390.63 46.88 6.000% 08/15/2009 72,187.50 1.030625 72.143.75 -43.75 STC 74 EBR2LOA•List of Assets Page 34 • Account Name : Tequesta Public Safety List Of Assets U S Treasury Note 30000 Par Value U S Treasury Note 70000 Par Value U S Treasury Note 115000 Par Value U S Treasury Note 80000 Par Value U S Treasury Note 20000 Par Value Total U S Government 8 Agencies Corporate Obligations Cisco Systems 11000 Par Value Lehman Brothers Holdings 15000 Par Value MidAmerican Energy Co 15000 Par Value Procter & Gamble Co 10000 Par Value SBC Communications 10000 Par Value Total Corporate Obligations Non Govt MBS/CMO/ABS Bear Stearns Series 2007-T26 25000 Par Value LB-UBS Comm Mtge Tr 2004-C8 30000 Par Value LB-UBS Comm Mtge Tr 2007-C1 30000 Par Value 4.875% 05/31/2011 4.875% 07/31/2011 4.625% 11/1512016 3.625% 06/15/2010 5.125% 05/15/2016 5.500% 02/22/2016 5.500% 04/04/2016 4,650% 10/01/2014 4.950% 08/15/2014 5.100% 09/15/2014 5.330% 01/12/2045 4.510% 12/15/2029 5.398% 02/15/2040 April 01, 2007•pril 30, 2007 Prior Period Ending Market Value (Aggregate Market Value) 30,375.00 70.896.88 114.676.56 77,850.00 20,681.25 772,178.14 1 1.076.10 14,915.34 14,358.78 9,830.36 9.769.85 59,950.43 25,137.14 29,256.00 30,180.90 Cun-ent Current MarketIInit Market Value pr1Ce 1.013438 30,403.13 1-01375 70,962.50 0.999375 0.974688 1.036563 1.005454 1.001275 0.956408 0.985841 0.981898 1.00458 0.97357 1.00613 114,928.13 77,975,00 20,731.25 772,912.53 11.059.99 15,019.13 14,346.12 9,858.41 9,818.98 60,102.63 25.114.50 29,207.10 30.183.90 • Account No :80103784 Unrealized Gain/(Loss) 28.13 65.62 25L~i7 125 00 50.00 734.39 -16.11 163.79 -12.66 28.05 49 13 152.20 -2264 -48.90 3 U0 STC 74 EBR2LOA•Lis! of Assets Page 35 • Account Name : Tequesta Public Safety 4.661% 05/15/2044 List Of Assets Wachovia Bank Series 2005-C1 35000 Par Value Total Non Govt MBS/CMO/ABS Govt MBS/CMO/ABS FNMA Pass Thru Poof #725773 24581.57 Par Value FNMA Pass Thru Pool #735503 37821.78 Par Value FNMA Pass Thru Pool #735897 80562.48 Par Value FNMA Pass Thru Pool #835760 63418.44 Par Value Total Govt MBS/CMO/ABS GNMA Mortgage Pass Thru GNMA Pass Thru Pool #599190 30096.44 Par Value GNMA Pass Thru Pool #640896 79524.93 Par Value GNMA Pass Thru Pool #641273 69464.88 Par Value Total GNMA Mortgage Pass Thru Equity Equity Alliant Energy Corp 1300 Shares Anheuser-Busch Cos Inc 1100 Shares Apartment Invt & Mgmt Co CI A 970 Shares 5.500% 09!01 /2034 6.000% 04/01;2035 5.500% 10/01/2035 4.500°% 09/01/2035 6.000% 03/15/2035 7.000% 04/15/2035 4.500% 04!15/2035 April 01, 200~pril 30, 2007 Prior Period Ending Market Value (Aggregate Market Value) 34,103.13 118,677.17 24,365.89 38,273.42 79,802.07 59,628.34 202,069.72 30,499.13 82,771.56 65.773.50 179,044.19 Current Current Market Unit Market Value Price 0.9723 34,030.50 0.990891 1.012072 0.990184 0 940194 1.013935 1.041125 0.947043 118,536.00 24,357.65 38,278.37 79,771.67 59,625.66 202,033.35 30,515.84 82, 795.37 65,786.24 179,097.45 • Account No :80103784 Unrealized Gain/(Loss) -72.63 141.17 -824 4.95 -30.40 -2.68 -36.37 16.71 23 81 12.74 53.26 58,266.00 43.80 56,940.00 1,326.00 55,506.00 49.19 54,109.00 -1,397 00 55,959.30 55.30 53,641.00 -2,318.30 STC 74 EBRZLOA-List of Assets Page 36 • April 01, 2007~pril 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PrICe AT&T Inc 63,088.00 38.72 61,952.00 -1,136.00 1600 Shares Bayer AG Spons ADR 73,565.50 68.38 78,637.00 5,071 ~i0 1150 Shares Boeing Co 50,678.70 93.00 53.010.00 2,331 30 570 Shares BRE Properties CIA 50,204.25 60.04 47,731.80 -2,472 45 795 Shares CenturyTet Inc 54,187.15 46.05 54,615.30 428.15 1186 Shares Cisco Systems Inc 49,579.26 26.74 51.929.08 2.349.82 1942 Shares Colgate-Palmolive Co 53.432.00 67.74 54,192.00 760.00 800 Shares Echostar Commurncations A 60,802.00 46.53 65.142-00 4,340.00 1400 Shares Federated Department Stores 58,565.00 43.92 57,096.00 -1,469.00 1300 Shares Fiserv Inc 50,937.60 53.17 51,043.20 105.60 960 Shares General Motors Corp 48,564.40 31.23 49,499.55 935.15 1585 Shares Heinz (H J) Co 49,947.20 47.1 Y 49,936,60 -10.60 1060 Shares Henry Schein Inc 54,352.30 52.13 51,348.05 3.004.25 985 Shares Hewlett-Packard Co 55,593.90 42.14 58,363.90 2.770.00 1385 Shares JP Morgan Chase & Co 53,218.00 52.10 57,310.00 4,092.00 1100 Shares STC 74 EBR2LOA-List of Assets Page 37 • Account Name : Tequesta Public Safety List Of Assets April 01, 200~pril 30, 2007 Prior Period Ending Market Value (Aggregate Market Value) Current Current Market Unit iVIarket Valise 1'I"ICe • Account No :80103784 unrealized Gain!(Los~) Koninklijke Ahold NV Spons ADR 61,048.00 12.71 66,092.00 5.044.00 5200 Shares Lockheed Martin Corp 59,182.20 96.14 58,645.40 -536.80 610 Shares Loews Corp 69.507.90 47.32 72,399.60 2.891.70 1530 Shares McCormick & Co Non Voting Shrs 48.150.00 37.12 46,400.00 -1,750.00 1250 Shares NYSE Euronext 63.750.00 84.33 57,344.40 -6,405.60 680 Shares P G 8 E Corp 50,683.50 50.60 53,130.00 2.446.50 1050 Shares PPL Corp 57,260-00 43.61 61,054.00 3,794.00 1400 Shares Praxair Inc 56,664.00 64.55 58,095.00 1.431.00 900 Shares Precision Castparts Corp 79,078.00 104.11 79,123.60 45.60 760 Shares Ryanair Holdings PLC Spons ADR 75,695.10 46.67 78,872.30 3.177.20 1690 Shares Safeway Inc 63,020.80 36.30 62,436.00 -584.80 1720 Shares Sears Holdings Corp 54,048.00 190.91 57,273.00 3.225.00 300 Shares Simon Property Group Inc 65.637.50 115.28 68,015.20 2,377.70 590 Shares Stericycle Inc 54,605.00 87.14 58.383.80 3.778.80 670 Shares T Rowe Price Group Inc 54.268.50 49.68 57,132.00 2,863.50 1150 Shares S TG 74 EBR2LOA-List o(Assefs Page 38 • April 01, 200~pril 30, 2007 Account Name : Tequesta Public Safety List Of Assets Prior Period Ending Market Value (Aggregate Market Valuc) Thermo Fisher Scientific Inc 54,185.78 1119 Shares Tyco International Ltd 51,300.30 1626 Shares VCA Antech Inc 53,375.70 1470 Shares Volvo Aktiebolaget Spons ADR 71,459.50 850 Shares Wendy's International Inc 50,080.00 1600 Shares Total Equity 2,189,446.34 TOTAL INVESTMENTS MARKET 6'ALUE 3,775,ss2.8s TOTAL ACCRUED TNCOMF. 14,017.51 NET ASSETS 3,789,910.37 Current Current Market Unit Market Value Price 52.06 58,255.14 32.63 53.056.38 39 43 57,962.10 97.27 82.679 50 37.70 60,320.00 2,253,165.90 3,840,374.73 14, 017.51 3,854,392.24 • Account No :80103784 Unrealized Gain/(Loss) 4,069.36 1 , 756.08 4,586.40 1 1.220-00 10,240.00 63,719.56 64,481.87 64,481.87 STC 74 EBR2LOA-List of Assets Page 39 Account Name : Tequesta Public Safety Brokerage Commissions Broker Name April 01, 2007•pril 30, 2007 Non-Directed No. of Trades Commissio^ Amt • Account No :80103784 llirected No. of Trades Commission Amt Lynch Jones & Ryan Total 4 99.10 0 0.00 4 99.10 0 0.00 .~ --a .~; r--- ~ >~ 7 L .J "rt .-; t C~ --~ - f T i ~ 7 4~ C'r'( C=_ Gr? r' _t -^^4 ..J -°-~ STC 74 EBR28RC-Broker Commissions Page 40 SALEM ~ST COMPANY Statement of Account May 1, 2007 Through May 31, 2007 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Account Number :80103784 ACCOUNT MANAGER Karen Russo 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attention: Lori McWilliams 345 Tequesta Drive Tequesta, FL 33469-0273 • Account Name : Tequesta Public Safety May 01, 2007~ay 31, 2007 • Account No :80103784 Net Asset Summary Net Assets Beginning 05.01/2007 $ 3,854,392.24 1.0 Summary Of Receipts 1.1 Cash Gonlributions 23,613-22 1 2 1 4 Earnings from Investments 14.3iZ39 Total Receipts 37,930.61 2.0 Summary Of Disbursements 2.1 Distribution Of Benefits Q 00 2 2 Other Dlstributlons 0.00 2.3 AdminislraCion Expenses 7.757.69 2 4 Other Expenses -823 30 Total Disbursements -8,580.99 3.0 Changes In Net Assets 3.1 Unrealized Gain (Loss) 32468.94 3 2- 3 3 Changes In Investments 0-00 3 4 Gain (Loss) On Sale of Assets Aggregate Proceeds g2, 74a 08 Less. Aggregate Carry Value (Market Value) 82,803 52 Total Gain/Loss -59.44 3.5 Accrued Income -Interest ~ 1,953.59 3.6 Accrued income -Dividend , OOq 55 Total Accrued Income 16,958.14 Less Prior Accrued Income 14,0'Z5l Total Changes In Net Assets 35,350.13 Net Assets Ending 05/31/2007 $ 3,919,091.99 STC 74 EBR2NAS-Net Asset Summary Page 2 • May 01, 200~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Investments Acquired Market Basis GS Financial Sq Trsy Oblig Adm 39,f>3829 The Amount Shown Is The Net Of Deposits For The Entire Period International Flavors & Fragrances 57.462.46 Purchased 1100 Shares At 52.2186 Per Share Trade Date :05/07/2007 Settlement Date :05/1012007 Broker: Lynch Jones & Ryan Pepsico Inc 5.150% 05/15/12 14 992 95 Purchased 15000 Par Value At 99.953 Trade Date 05/16/2007 Settlement Date :05/21/2007 Broker: J.P. Morgan Securities Total Ltvestnients Acyuii~ed 112,093.70 STC 74 EBRZCIA-Changes in Investments Page 3 May 01, 200~ay 31, 2007 • Account N~"me : Tequesta Public Safet Y Account No :80103784 Changes In Investments Stock Dividends Or Splits Market Basis 05/10/2007 Volvo Ak6ebolaget Spons ADR Stock Split 3400 To reflect 5 for 1 stork split Tol~z! Stock Dividends Or' Splits 0.00 STC 74 EBR2CIA-Changes in Investments Page 4 • May 01, 200~ay 31, 2007 Account Name : Tequesta Public Safety • Account No :80103784 Earnings From Investments Interest U S Treasury Note 4.000% 11/15/12 05115/2007 Rate 2 Payable 05/15/2007 On 25000.00 Par 500.00 Symbol: 912828AP5 500.00 GNMA Pass Thru Pool #599190 6.000"/" 03/].5/35 05/16/2007 Rate 0.5 Payable 05/15/2007 On 30096.44 Par 150 48 Symbol: 36200EUP4 150.48 C:NMA Pass Thru Pool #640896 7.000"/" 04/15/35 05/16/2007 Rate 0.58333333 Payable 05/15/2007 On 79524.93 Par 4F13 90 Symbol. 36291 W7H8 463.90 GNMA Pass Thru Pool #641273 4.500"/" 04/15/35 05/16/2007 Rate 0.375 Payable 05/15/2007 On 69464.88 Par 260.49 Symbol: 36291 XMW6 260.49 FNMA Pass Thru Pool #725773 5.500"/" 09/01/34 05/25/2007 Rate 0.45833333 Payable 05/25/2007 On 24581.57 Par 112.67 Symbol. 31402DJS0 112.67 GS Financial Sq Trsy Oblig Adm 05/01!2007 999.77 Symbol: 38141XXXX 999.77 FNMA Pass Thru Pool #735503 6.000% 04/0'1/35 05/25/2007 Rate 0.5 Payable 05/25%2007 On 37821.78 Par 189 11 Symbol: 31402RDG1 STC 74 EBR2EF!•Earnings from Investments Page 5 May 01, 200~ay 31, 2007 • Account ame : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest. 189.11 FNMA Pass Thru Pool #835760 4.500^i~ 09/01/35 05/25/2007 Rafe 0.375 Payable 05/25/2007 On 63418.44 Par 237 82 Symbol 31407NQM8 237.82 FNMA Pass Thru Pool #735897 5.500% lOlOl/35 05/25/2007 Rate 0.45833333 Payable 0 5/2 512 0 0 7 On 80562.48 Par 369.24 Symbol: 31402RRS0 369.24 U S "Treasury Note 5.125% OS/IS/l6 05/15/2007 Rate 2.5625 Payable 05/15/2007 On 20000.00 Par 512.50 Symbol: 912828FF2 512.50 U S Treasury Note 4.875% OS/31/1] 05/31/2007 Rate 2.4375 Payable 05/31/2007 On 30000.00 Par 731.25 Symbol: 912828FH8 731.25 U S Treasury Note 4.625% 1.1/15/16 05/15/2007 Rate 2.3125 Payable 05/15/2007 On 115000.00 Par 2,659.38 Symbol, 912828FY1 2,659.38 LS-UBS Comrn Mtge Tr 2007-C1 5.398% 02/15/40 05/18/2007 Rate 0.44983333 Payable OS/15/2007 On 30000.00 Par 134.95 Symbol 50179AAC1 134.95 LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15!29 05!18/2007 Rate 0.37583333 Payable 05/15/2007 On 30000.00 Par 112,75 Symbol: 52108HU51 STC 74 EBR2EFI-Earnings from Investments Page 6 • May 01, 200~May 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments interest Wachovia Bank Series 2005-C19 4.6fi1"/~ 05/15/44 05/18/2007 Rate 0.38841667 Payable 05/15/2007 On 35000.00 Par 135.95 Symbol: 929766X24 Bear Stearns Series 2007-T26 5.330"/~ 01/12/45 05/15/2007 Rate 0.44416667 Payable 05/12/2007 On 25000.00 Par 111.04 Symbol. 07388VAB4 112.75 135.95 111.04 Total Interest 7,681.30 STC 74 EBR2EF1-Earnings from Investments Page 7 Account game : Te uesta Public Safet 4 Y Earnings From Investments Dividends Alliant Enemy Corp 05/15!2007 1300 Shares At 0.3175 Per Share Symbol: 018802108 A'I-&T Inc 05/01/2007 1600 Shares At 0.355 Per Share Symbol: 002068102 Bayer AG Spons ADR 05.11/2007 1150 Shares At 1.3592 Per Share Symbol: 072730302 Colgate-Palmolive Co 05/15/2007 800 Shares At 0.36 Per Share Symbol: 194162103 Simon Property Group Inc 05/31/2007 590 Shares At 0.84 Per Share Symbol: 828806109 Volvo Akfiebolaget Spons ADR 05/01/2007 850 Shares At 3.657245 Per Share Symbol: 928856400 Wendy's International Inc 05/21/2007 1600 Shares At 0.125 Per Share Symbol: 950590109 May 01, 200~ay 31, 2007 412.75 568, 00 1,563.08 288.00 495.60 3,108.66 200.00 412.75 568.00 1,563.08 288.00 495.60 3,108.66 200.00 • Account No :80103784 STC 7Q EBRZEFI-Earnings from Investments Page 8 Account Name : Te uesta Public Safet 9 Y May 01, 200~ay 31, 2007 • Account No :80103784 Earnings From Investments n~~~aenas Total Divi.denrl 6,636.09 STC 74 EBR2EFl-Earnings from Investments Page 9 • Account Name : Tequesta Public Safety Earnings From Investments Pooled Funds Total F,arnirz~s Paid May 01, 200~ay 31, 2007 No Data Qualifies 14,317.39 • Account No :80103784 STC 74 EBR2EF1•Earnings /rom Investments Page 10 • May 01, 20~ay 31, 2007 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest • Account No :80103784 U S Treasury Note 4.000% 11/15/12 25000 Par Value At 0.04 Par q3 4g Symbol. 912828AP5 U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0,06 Par 1,218.23 Symbol. 9128275N8 FNMA Pass Thru Pool #735503 6.000°,% 04/01;35 37194,91 Par Value At 0.06 Par 185.97 Syrnbol 31402RDG1 FNMA Pass Thru Pool #735897 5.500% 10/01/35 79511.61 Par Value At 0.055 Par 364.43 Symbol: 31402RRS0 GS Financial Sq Trsy Oblig Adm 267672.06 Par Value At 0 0476 Par 1,076.26 Symbol: 38141XXXX FNMA Pass Thru Pool #725773 5.500% 09/01/34 24274.63 Par Value At 0.055 Par 111 26 Symbol. 31402DJS0 FNMA Pass Thru Pool #835760 4.500`% 09/01/35 62923.2 Par Value At 0.045 Par 235.96 Symbol: 31407NQM8 LB-UBS Comm Mtge Tr 2004-C8 4.510% 12!15/29 30000 Par Value At 0.0451 Par 75 17 Symbol: 52108HU51 STC 74 EBR2AEl-Accrued Earnings Page 11 • May 01, 200~ay 31, 2007 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest • Account No :80103784 __ Wachovia Bank Series 2005-C19 4.661% 05/15/44 35000 Par Value At 0.04661 Par 135.95 Symbo1:929766X24 Bear Stearns Series 2007-T26 5.330% 01/12/45 25000 Par Value At 0.0533 Par 111 04 Symbo1:07388VAB4 Pepsico Inc 5.150% 05/15/12 15000 Par Value At 0.0515 Par 21.46 Symbol: 713448BF4 U S Treasury Note 4.625% 11/15/16 115000 Par Value At 0.04625 Par 231.25 Symbol 912828FY1 LB-UBS Comm Mtge Tr 2007-C1 5.398°i° 02/15/40 30000 Par Value At 0.05398 Par 89.97 Symbol 50179AAC1 U S Treasury Note 4.875% 07/31/11 70000 Par Value At 0.04875 Par 1.131.22 Symbol: 912828FN5 Cisco Systems 5.500% 02/22/16 1 1000 Par Value At 0 055 Par 166.38 Symbol: 17275RAC6 U S Treasury Nofe 3.625% 06/15/10 80000 Par Value At 0.03625 Par 1.330.49 Symbo1:912828DX5 STC 74 EBRIAEI-Accrued Earnings Page 12 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest May 01, 20~ay 31, 2007 • Account No :80103784 Lehman Brothers Holdings 5.500% 04/04/16 15000 Par Value At 0.055 Par 130.63 Symbol 52517PF63 MidAmerican Energy Co 4,650°,6 10/01/14 15000 Par Value At 0.0465 Par 116.25 Symbol: 595620AD7 U S Treasury Note 5.125% 05/15/16 20000 Par Value At 0.05125 Par 44.57 Symbo1:912828FF2 FNMA 5-000°~0 01/23/09 60000 Par Value At 0.05 Par 1,066.67 Symbol: 31359ME74 FNMA 4.250°~0 09/28/07 50000 Par Value At 0.0425 Par 371.88 Symbol: 31359MZD8 FHLMC 5.750% 03/15/09 20000 Par Value At 0.0575 Par 242.78 Symbol: 3134A3EM4 Procter & Gamble Co 4.950% 08/15/14 10000 Par Value At 0.0495 Par 145.75 Symbol: 742718DA4 SBC Communications 5.100% 09/15/14 10000 Par Value At 0.051 Par 107.67 Symbol: 78387GAP8 STC 74 EBR2AEl-Accrued Earnings Page 13 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest May 01, 200~ay 31, 2007 • Account No :80103784 GNMA Pass Thru Pool #599190 6.000% 03/15/35 30064.x5 Par Value At 0.06 Par Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000°i° 04/15/35 79438.87 Par Value At 0.07 Par Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 69356.51 Par Value At 0.045 Par Symbol: 36291 XMW6 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par Symbol, 3133X8RQ7 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30/09 50000 Par Value At 0.041 Par Symbol. 3133X15Y9 FNMA 5.500% 03/15/11 105000 Par Value At 0.055 Par Symbol: 31359MHK2 Accrued Incnnae -Interest 150.32 463 39 260.09 372.08 386.46 347.36 1,219.17 11,953.59 STC 74 EBR2AEI-Accrued Earnings Page 14 May 01, 200~ay 31, 2007 • Account Mme : Tequesta Public Safet Account No :80103784 Y Earnings From Investments Accrued Income -Dividends Koninkhjke Ahold NV Spons ADR 5200 Shares At 0.6799 Per Share 3,535 48 Symbol 500467303 General Motors Corp 1585 Shares At 0.25 Per Share 396.25 Symbol. 370442105 Boeing Co 570 Shares At 0.35 Per Share 199.50 Symbol. 097023105 Tyco International Lid 1626 Shares At 0.1 Per Share 162.60 Symbol 902124106 Loews Corp 1530 Shares At 0.0625 Per Share 95.63 Symbol. 540424108 Anheuser-Busch Cos Inc 1100 Shares At 0.295 Per Share 324.50 Symbol: 035229103 Lockheed Martin Corp 610 Shares At 0.35 Per Share 213.50 Symbol. 539830109 CenturyTel Inc 1186 Shares At 0.065 Per Share 77,09 Symbol: 156700106 4 ecrued Income - Divi~lentls Tnlal Accrued Income 5,004.55 16,958.14 STC 74 EBR2AE1-Accrued Earnings Page 15 • Account Name : Tequesta Public Safety Balance Sheet May 01, 200~ay 31, 2007 As Of 05/01/2007 Cost Value Market Valuc Cash And Receivables Cash Due From Broker Accrued Income Total Cash A~id Receivables Cash Equivalents Money Market Funds Total Cash Equivalents Fixed Income U S Government & Agencies Corporate Obligations Non Govt MBS/CMO/ABS Govt MBS/CMO/ABS GNMA Mortgage Pass Thru Total Fixed Income Equity Equity Tonal Equity Total Holdings TOTAL ASSETS Payables Due To Broker Total Payable,c T'OTAI, LIABILITIES Total Net As,cet Value Total Liahr.'lities And Equ.i.ty 0,00 0.00 0.00 0.00 14,017.51 14,017.51 14,017.51 14,017.51 254,526.87 254,526.87 254,526.87 254,526.87 777,696.83 772,912.53 59,431.12 60,102.63 118,777.56 118,536 00 202,935.12 202,033-35 184.672.41 179,097.45 1,343,513.04 1, 332,681.96 1,753,711.98 2,253,165.90 1,753,711.98 2,253,165.90 3,351,751.89 3,840,374.73 3,365,769.40 3,854,392.24 0.00 0.00 0.00 0.00 o.oo 0 00 3,365,769.40 3,854,392.24 3,365,769.40 3,854,392.24 Account No :80103784 As Of OS/31 /2007 Cost Value Market Value 0.00 0.00 0 00 0.00 16.958 14 16.958 14 16,958.14 16,958.14 267.672-06 267,672-06 267,672.06 267,672.06 777,696.83 764,631.27 74,424.07 73,978.18 118,777.56 116,838.55 200,477.83 197,010 06 184,440.69 177.272.86 1,355,816.98 1,329,730.92 1,773.368-50 2.304,730 87 1,773,368.50 2,304,730.87 3,396,857.54 3,902,133.85 3,413,815.68 3,919,091.99 0.00 0.00 0.00 0.00 o.oo o.oo 3,413,815.68 3,919,091.99 3,413,815.68 3,919,091.99 STC 74 EBR28LS•Balance Sheet Page 16 • Account Name : Tequesta Public Safety Investment Summary Beginning Of Period F;nding Of Period • Account No :80103784 Investment Change Cash Equivalents Cash Money Market Funds Total Cash Equivalents Fixed Income U S Government & Agencies Corporate Obligations Non Govt MBS/CMO/ABS Govt MBS/CMO/ABS GNMA Mortgage Pass Thru Total Fixed Tncome Equity Equity `I'ota) Equity Changes In Investment -Other "Total Changes In Investment -Other Realized Cain/boss On Sales Proceeds Less: Aggregate Carry Value (Market Value) Net Period Accruals Accrued Licome Accrued Income Less: Prior Accrued Income "Total Accrued Income Ltvesbttettt Summary Tntal Total Cl:angesln Net Assets May 01, 200~ay 31, 2007 0.00 0.00 254,526.87 267,672.06 254,526.87 267,672.06 0.00 772,912.53 764,631.27 -8.281.26 60,102 63 73,978.18 -1.117.40 118,536.00 116,838.55 -1,697 45 202,033.35 197,010.06 -2.578.54 179,097.45 177,272.86 -1,599.92 1,332,681.96 1,329,730.92 -15,274.57 2,253,165-90 2,304,730.87 47,743.51 2,253,165.90 2,304,730.87 47,743.51 0.00 82,744.08 82.803.52 0.00 0.00 •59.44 14,017,51 16.958.14 16,958.14 14,017.51 14,017.51 16,958.14 2,940.63 $ 3,854,392.24 $ 3,919,091.99 $ 35,350.13 STC 74 E8R2S0!-Investment Summary Page 17 • May 01, 200~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions Employee Contributions Other Contributions Total Earnings From Investments t2 Interest 1.3 Dividends 1 A Pooled Funds Total Tnlal Receipts Summary of Disbursements 15,269.64 8,343.58 0.00 23,613.22 7.681.30 6,636.09 0.00 14,317.39 $ 37,930.61 2.1 Distribution Of Benefits Total 2.2 Othcr Distributions Total 2.3 Administration Expenses Professional Fee Attorneys' Fees Consultant Fee Investment Management Fee Fees And Commissions Total 0.00 0.00 -249.15 -559.04 2,000.00 4.949.50 -7,757.69 STC 74 EBR2SOR-Summary of Receipts Page 18 • May 01, 20~ay 31, 2007 Account Name : Tequesta Public Safety Summary of Disbursements C Account No :80103784 2.4 Other F,xpenses Miscellaneous Expense -24.84 Foreign Tax Withheld -796 11 Foreign Withholding Fee -2.55 Tnta! Tnlal Disbui~senrenls -823.30 -8,580.99 STC 74 EBR2SOR-Summary of Receipts Page 19 • May 01, 200~ay 31, 2007 Account Name : Tequesta Public Safety Contributions • Account No :80103784 Employer Contribution 05/04/2007 Employer Contribution 7,717 73 For payroll period ending 04/28/07 05/21/2007 Employer Contribution 7.551.91 For payroll period ending 05/12/07 Total Enxplnyer Caxtrihulion 15,269.64 F;mployee Conh•ibutions 05/04/2007 Employee Contributions 4,219.66 For payroll period ending 04/28/07 05/21/2007 Employee Contributions 4,123.92 For payroll period ending 05/12/07 Total Enxployee Confrihulions 8,343.58 Total Cash Conb•ihutinns 23,613.22 STC 74 E8R2COR-Contributions 8 Other Receipts Page 20 • Account Name : Tequesta Public Safety May 01, 200~ay 31, 2007 r~ Account No :80103784 Other Receipts No Data Qualifies STC 74 EBR2COR-Contributions 8 Other Receipts Page 21 • May 01, 2007~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Distribution Of Benefits No Data Qualifies STC 74 EBR2DAE-Distribution 8 Expenses Page 22 • Account Name : Tequesta Public Safety Other Disbursements May 01, 20~ay 31, 2007 No Data Qualifies • Account No :80103784 STG 74 EBR2DAE-Distribution & Expenses Page 23 • May 01, 2007~ay 31, 2007 Account Name : Tequesta Public Safety Administrative Expenses • Account No :80103784 Professional Tee 05/25/2007 To Business Services Connection, Inc. Attendance at 05/07/07 meeting and preparation of minutes Tnta Prn/e.csinna.l Fee Attorneys' Fecs 05/25/2007 To : Hanson Perry & Jensen P A Legal services through 04/15/07 Tota Altni~neys' Fees Consultant Fee 05125/2007 To : Bogdahn Consulting Quarterly monitoring fee for period ending 03/31107 Tota Consultant Fee Invcatment Management Fe.e 05/25/2007 To Rockwood Capital Advisors Management fee quarter ending 03/31/07 Tota Investment Ma~iagenaent Fee Total Adminirb~ative Expenses -249.1 S -249.15 559.04 559.04 -2,000.00 -2,000.00 4,949.50 -4,949.50 -7,757.69 STC 74 EBR2DAE-Distribution 8 Expenses Page 24 May 01, 20l~May 31, 2007 • Accountl~ame :Tequesta Public Safet Account No :80103784 Y Other Expenses Miscellaneous Expense 05/25/2007 To Village of Tequesta Reimbursement for expenses paid invoice #8-673-62416 A/C #2124-4477-4 Total Miscellaneous Expense Foreign Tax Withheld 05/0112007 To Volvo Aktiebolagel Spons ADR Less :15.00% Sweden Tax 05/11/2007 To Bayer AG Spons ADR Less :21.10°% Germany Tax Total Foreign Tax Withheld Foreign Withholding Fee 05/0112007 To Sweden Volvo Aktiebolagel Spons ADR Volvo Aktiebolagel Spons ADR 0.3°io fee on dividend paid 04130!07 Total Foreign Widzltoldii:g Fee Total Other Expenses -24.64 466.30 329.81 -2.55 -24.64 796.11 -2.55 -823.30 STC 74 EBR20AE-Distribution & Expenses Page 25 • May 01, 200~ay 31, 2007 . Account Name :Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances 05/01 /2007 Dividend Payable On 04/27/2007 Volvo Aktiebolaget Spons ADR 850 Shares At 3.657245 05/01/2007 Foreign Tax Withholding Foreign Tax Withheld Related To Asset :Volvo Aktiebolaget Spons ADR Less :15.00% Sweden Tax 05/01/2007 Cash Disbursement Foreign Withholding Fee Paid To :Sweden Related To Asset :Volvo Aktiebolaget Spons ADR Volvo Aktiebolaget Spons ADR 0.3% fee on dividend paid 04/30/07 05/01 /2007 Interest GS Financial Sq Trsy Oblig Adm Payable On 04/30/2007 05/01 /2007 Dividend Payable On 05/01/2007 AT&T Inc 1600 Shares At 0.355 05/04/2007 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta For payroll period ending 04/28/07 05/04/2007 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta For payroll period ending 04/28/07 $ 0.00 $ 0.00 3.108.66 -466.30 -2.55 999.77 568.00 7,717.73 4,219.66 STC 74 LARGE FONT • Transactions (Z col) - NEWTRNH Page 26 Account Name : Te uesta Public Safet 9 y May 01, 200~ay 31, 2007 • Account No :80103784 Transactions Date Description Income Principal 05/10/2007 Purchased On 05/07/2007 1100 Units -57,462.46 International Flavors & Fragrances 1100 Units At $ 52.2186 Per Unit Through Lynch Jones & Ryan 05!10/2007 Sold On 05/07/2007 970 Units 53,544.64 Apartment Invt & Mgmt Co CI A 970 Units At $ 55.2215 Through Lynch Jones & Ryan 05/10/2007 Stock Split On 05/09/2007 Volvo Aktiebolaget Spons ADR Units Received 3400 New Share Value Is 4250 05/11/2007 Dividend 1,563.08 Payable On 05/10/2007 Bayer AG Spons ADR 1150 Shares At 1.3592 05/11/2007 Foreign Tax Withholding -329.81 Foreign Tax Withheld Related To Asset :Bayer AG Spons ADR Less :21,10% Germany Tax 05/15/2007 Dividend 288.00 Payable On 05/15/2007 Colgate-Palmolive Co 800 Shares At 0.36 05/15/2007 Interest 500.00 U S Treasury Note 4.000% 11/15/12 Payable On 05/15/2007 Received On 25000 Units STC 74 LARGE FONT -Transactions (2 coi) • NEWTRNH Page 27 • May 01, 200~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 05/15/2007 Dividend 412.75 Payable On 05/15/2007 Alliant Energy Corp 1300 Shares At 0.3175 05/15/2007 Interest 512.50 U S Treasury Note 5.125% 05/15/16 Payable On 05/15/2007 Received On 20000 Units 05/15/2007 Mortgage Backed -Other Pass Through Interest 111.04 Bear Stearns Series 2007-T26 5.330% 01/12/45 Payable On 05/12/2007 Received On 25000 Units Principal Balance Reduction of 0.000000 05/15/2007 Interest 2,659.38 U S Treasury Note 4.625% 11/15/16 Payable On 05/15/2007 Received On 115000 Units 05/16/2007 Mortgage Backed -GNMA Principal 31.99 On 05/15/2007 GNMA Pass Thru Pool #599190 6.000% 03/15/35 05/16/2007 Mortgage Backed -GNMA Interest 150.48 GNMA Pass Thru Pool #599190 6.000% 03/15;35 Payable On 05/15/2007 Received On 30096.44 Units Principal Balance Reduction of 31.990000 05/16/2007 Mortgage Backed -GNMA Principal 86.06 On 05/15!2007 GNMA Pass Thru Pool #640896 7.000% 04/15/35 STC 74 LARGE FONT • Transactions (2 col) - NEWTRNH Page 28 • May 01, 2007~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 05/16/2007 Mortgage Backed -GNMA Interest 463 X10 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 05/15/2007 Received On 79524.93 Units Principal Balance Reduction of 86.060000 05/16/2007 Mortgage Backed -GNMA Principal 108.37 On 05/15/2007 GNMA Pass Thru Pool #641273 4.500% 04/15/35 05/16/2007 Mortgage Backed -GNMA Interest 260.49 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 05/15/2007 Received On 69464.88 Units Principal Balance Reduction of 108.370000 0 511 8/2 0 0 7 Mortgage Backed -Other Pass Through Interest 134.95 LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/40 Payable On 05/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 05/18/2007 Mortgage Backed -Other Pass Through Interest 112.75 LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15!29 Payable On 05/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 05118/2007 Mortgage Backed -Other Pass Through Interest 135.95 Wachovia Bank Series 2005-C19 4.661% 05/15/44 Payable On 05115/2007 Received On 35000 Units Principal Balance Reduction of 0.000000 05!21/2007 Dividend 200.00 Payable On 05/21/2007 Wendy's International Inc 1600 Shares At 0.125 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 29 Account N~7fie May 01, 2007•ay 31, 2007 :Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 05/21/2007 Purchased On 05116/2007 15000 Units -14.992.95 Pepsico Inc 5.150°ro 05/15/12 15000 Units At $ 99.953 Per Unit Through J.P. Morgan Securities 05/21/2007 Scheduled Cash Deposit 7.551.91 Employer Contribution Received From :Village of Tequesta For payroll period ending 05/12/07 05121/2007 Scheduled Cash Deposit 4,123.92 Employee Contributions Received From :Village of Tequesta For payroll period ending 05/12/07 05/25/2007 Scheduled Cash Disbursement -2,000.00 Consultant Fee Paid To : Bogdahn Consulting Quarterly monitoring fee for period ending 03/31/07 05/25/2007 Scheduled Cash Disbursement -249.1.5 Professional Fee Paid To :Business Services Connection, Inc. Attendance at 05/07/07 meeting and preparation of minutes 05/25/2007 Scheduled Cash Disbursement -559.04 Attorneys' Fees Paid To :Hanson Perry & Jensen P A Legal services through 04/15/07 05/25/2007 Scheduled Cash Disbursement -4,949.50 Investment Management Fee Paid To :Rockwood Capital Advisors Management fee quarter ending 03/31/07 05/25/2007 Scheduled Cash Disbursement -24.64 Miscellaneous Expense Paid To :Village of Tequesta STC 74 LARGE FONT -Transactions (2 coi) - NEWTRNH Page 30 May 01, 200~ay 31, 2007 Account rTame : Te uesta Public Safet q Y Account No :80103784 Transactions Date Description income Principal Reimbursement for expenses paid invoice #8-673-62416 A/C #2124-4477-4 05/25/2007 Mortgage Backed -Other Pass Through Principal On 05/25/2007 FNMA Pass Thru Pool #735503 6.000% 04/01/35 05/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735503 6.000% 04/01/35 Payable On 05/25/2007 Received On 37821.78 Units Principal Balance Reduction of 626.870000 05125/2007 Mortgage Backed -Other Pass Through Principal On 05/25/2007 FNMA Pass Thru Pool #735897 5.500% 10/01/35 05/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735897 5.500% 10/01/35 Payable On 05/25/2007 Received On 80562.48 Units Principal Balance Reduction of 1050.870000 05/25/2007 Mortgage Backed -Other Pass Through Principal On 05/25/2007 FNMA Pass Thru Pool #835760 4.500% 09/01/35 05/25/2007 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #835760 4.500% 09/01/35 Payable On 05/25/2007 Received On 63418.44 Units Principal Balance Reduction of 495.240000 0512512007 Mortgage Backed -Other Pass Through Principal On 05/25/2007 FNMA Pass Thru Pool #725773 5.500% 09/01/34 626.87 189.11 1,050.87 369.24 495.24 237.82 306.94 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 31 Account Name : Tequesta Public Safet y May 01, 200~ay 31, 2007 • Account No :80103784 Transactions - --- -- - ---------------- Date nescription Income Principal 05/25/2007 Mortgage Backed -Other Pass Through Interest 112.67 FNMA Pass Thru Pool #725773 5.500% 09/01 /34 Payable On 05/25/2007 Received On 24581.57 Units Principal Balance Reduction of 306.940000 05/31/2007 Dividend 495.60 Payable On 05/31/2007 Simon Property Group Inc 590 Shares At 0.84 05/31 /2007 Interest 731.25 U S Treasury Note 4.875% 05/31/11 Payable On 05/31/2007 Received On 30000 Units Short Term Investment Summary 05/01/2007 To 05/31/2007 9 Purchase(s) For 0.00 -39,638.29 3 Sale(s) For 0.00 26,493.10 * * * F_nding Balances * * * $ 0.00 $ 0.00 S TC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 32 Account fTme : Te uesta Public Safet q Y Gain (Loss) On Sale Of Assets May 01, 200~ay 31, 2007 Prior Period Ending Market Value Proceeds (Aggregate Cost Basis) • Account No :80103784 Gain/(Loss) Apartment Invt & Mgmt Co CI A Sold 970 Shares At 55.22 Per Share: Less Expenses Trade Date :05/07/2007 Sett lement Date :05/1012007 Broker Lynch Jones & Ryan FNMA Pass Thru Pool #725773 5.500% 09/01!34 FNMA Pass Thru Pool #735503 6.000°/ 04!01/35 FNMA Pass Thru Pool #735897 5.500% 10/01/35 FNMA Pass Thru Pool #835760 4.500% 09/01/35 GNMA Pass Thru Pool #599190 6.000°i° 03/15/35 GNMA Pass Thru Pool #640896 7.000% 04/15/35 GNMA Pass Thru Pool #641273 4.500% 04/15/35 GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Withdrawls For The Entire Period "total Gain (Loss) O~i Sales 53,641 00 53,544.64 -96.36 304.14 306.94 2 80 634.44 626.87 -7.57 1,040.55 1.050.87 10.32 465-62 49524 29 62 32.44 31.99 -0.45 89.60 86.06 -3.54 102.63 108.37 5.74 26,493.10 26.493.10 0.00 82,803.52 82,744.08 -59.44 STC 74 EBR2GLS-Gain(Loss) on Sale of Asset Page 33 Account N• : Te uesta Public Safet q y List Of Assets May 01, 2007.ay 31, 2007 • Account No :80103784 Prior Period Current Current Unrealised Ending Market Value Market Unit Markef Value Gain/(boss) (Aggregate Market Value) P-'ICe CASH Money Market Funds GS Financial Sq Trsy Oblig Adm 267672.06 Par Value Total Money Market Funds Fixed Inco-ne U S Government & Agencies FHLB 50000 Par Value FHLB Series UD09 25000 Par Value FHLB Series X209 50000 Par Value FHLMC 20000 Par Value FNMA 50000 Par Value FNMA 60000 Par Value FNMA 105000 Par Value U S Treasury Note 25000 Par Value U S Treasury Note 70000 Par Value 0 00 0 00 0 00 o.oo o.oo o .oo 267,672.06 1.00 267,672.06 0 .00 267,672.06 267,672.06 0 .00 4 .700% 10/04/2011 49,265.63 0.976875 48,843.75 -421 .88 5 .250% 02/13/2009 25,15625 1.000312 25.007.81 -148 .44 4 .100% 03/30/2009 49.312.50 0.98125 49,062.50 250 .00 5 .750% 03/15/2009 20,306.25 1 00875 20,175.00 -131 .25 4 .250% 09!28/2007 49,796,88 0 996563 49,828 13 31. 25 5 .000% 01/23/2009 60,112,50 0.995938 59,75625 -356. 25 5 ,500% 03/15/2011 107,428.13 1.010625 106,115.63 -1.312. 50 4. 000% 11/15/2012 24,390.63 0.960625 24,015.63 -375. 00 6. 000% 08!15/2009 72,143.75 1.0225 71,575.00 -568. 75 SIG 74 EBR2LOA-List of A ssets Page 34 • May 01, 20~May 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Ending Market Value (Aggregate Market Value) Current Market Unit P-'ICe Current Market Value Unrealized Gain/(Loss) U S Treasury Note 5.125% 05/1512016 20,731.25 1.015625 20.312 50 -418.75 20000 Par Value U S Treasury Note 4.875% 05/31!2011 30,403.13 1.000938 30,028.13 -375.00 30000 Par Value U S Treasury Note 4.875% 07/31/2011 70,962.50 1.000625 70,043.75 -818.75 70000 Par Value U S Treasury Note 4.625% 11/15/2016 114,928 13 0-979063 112,592.19 -2,335.94 115000 Par Value U S Treasury Note 3.625°~0 06/1 S/2010 77,975.00 0.965938 77.275 00 -700.00 80000 Par Value Total U S Government 8 Agencies 772,912.53 764,631.27 -8,281.26 Corporate Obligations Cisco Systems 5.500% 02/22/2016 11,059.99 0.988343 10.871.77 -188.22 11000 Par Value Lehman Brothers Holdings 5.500% 04/04/2016 15,019.13 0.982791 14,741.87 -27z2b 15000 Par Value MidAmerican Energy Go 4.650% 10/01/2014 14,346.12 0 94281 14,142.15 -203.97 15000 Par Value Pepsico Inc 5.150% 05/15/2012 14.992.95 0.9909-7 14,864.55 -128.40 15000 Par Value Procter & Gamble Co 4.950% 08/15/2014 9,858.41 0.969594 9.695.94 -162.47 10000 Par Value SBC Communications 5.100% 09/15/2014 9,818.98 0.96619 9,661.90 -157.08 10000 Par Value Total Corporate Obligations 75,095.58 73,978.18 -1,117.40 Non Govt MBS/CMO/ABS Bear Stearns Series 2007-T26 5.330% 01!12!2045 25,114.50 0 99103 24,775]5 -338.75 25000 Par Value LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15/2029 29.207.10 0.96189 28,856.70 -350 40 30000 Par Value STC 74 EBR2LOA-List o(Assets Page 35 • Account Name : Tequesta Public Safety List Of Assets LB-UBS Comm Mtge Tr 2007-C1 30000 Par Value Wachovia Bank Series 2005-C1 35000 Par Value Total Non Govt MBS/CMO/ABS Govt MBSlCMO/ABS FNMA Pass Thru Pool #725773 24274.63 Par Value FNMA Pass Thru Pool #735503 37194.91 Par Value FNMA Pass Thru Pool #735897 79511 61 Par Value FNMA Pass Thru Pool #835760 62923.2 Par Value Total Govt MBSICMO/ABS GNMA Mortgage Pass Thru GNMA Pass Thru Pool #599190 30064.45 Par Value GNMA Pass Thru Pool #640896 79438.87 Par Value GNMA Pass Thru Pool #641273 69356.51 Par Value Total GNMA Mortgage Pass Thru Equity h;q uity Allianl Energy Corp 1300 Shares Anheuser-Busch Cos Inc 1100 Shares 5.398% 02/15/2040 4.661% 05/15/2044 5.500% 09/01/2034 6.000% 04/01/2035 5.500% 10/01 /2035 4..500% 09/01/2035 6.000% 03/15/2035 7.000°/ 04/15/2035 4.500% 04/15/2035 May 01, 2007~ay 31, 2007 Prior Period Ending Market Value (Ag~rc~afe Market Value) 30.183.90 34.030.50 118,536.00 24,053.51 37,643.93 78,731.12 59,160.04 199,588.60 30,483.40 82.705.77 65,683.61 178,872.78 56.940.00 54,109.00 Current Current Market Unit Market Value Price 0.9889 29,667.00 0.95826 0.978576 1.003936 0.977778 0.924453 1.005241 1.037355 0.932062 33.539.10 116,838.55 23,754.56 37,341.30 77.744.69 58,169, 51 197,010.06 30.222.02 82,406.28 64,644.56 177,272.86 43.20 53.34 56,160-00 58,674.00 • Account No :80103784 Lnrealiz-ed Gain/(Loss) -516-90 -491.40 -1,697.45 -298.95 -302.63 -986.43 -990.53 -2, 578.54 -261.38 -299.49 -1.039.05 -1,599.92 -780.00 4,565.00 STC 74 EBR2LOA-List of Assets Page 36 May 01, 20~May 31, 2007 Account me : Tequesta Public Safety Account o :80103784 List Of Assets Prior Period Current Current Unrealized 1!;nding Market Value (Aggregate M~rkct Value) Market Unit Price Market Value Gain/(i.,oss) AT&T Inc 61,952.00 41.34 66.144.00 4,192.00 1600 Shares Bayer AG Spons ADR 78,637.00 71.88 82:662.00 4,025.00 1150 Shares Boeing Co 53,010 00 100.59 57,336 30 4.326.30 570 Shares BRE Properties CIA 47,731.80 63.22 50,259.90 2.528.10 795 Shares CenturyTellnc 54,615.30 49.42 58.612.12 3,996.82 1186 Shares Cisco Systems Inc 51,929 OS 26.92 52.278.64 349.56 1942 Shares Colgate-Palmolive Co 54,192.00 66.96 53,568.00 -624.00 800 Shares Echostar Communications A 65,142.00 46.06 64,484 00 -658 00 1400 Shares Federated Department Stores 57.096.00 39.93 51,909.00 -5,187 00 1300 Shares Fiserv Inc 51,043.20 59.25 56,880.00 5,836.80 960 Shares General Motors Corp 49,499.55 29 99 47,534.15 -1,965 40 1585 Shares Neinz (H J) Co 49,936.60 47.58 50,434 80 498.20 1060 Shares Henry Schein Inc 51,348.05 53-53 52,727-05 1,379.00 985 Shares Hewlett-Packard Co 58.363.90 45.71 63,308.35 4,944 45 1385 Shares International Flavors & Fragrances 57,462.46 51 33 56,463.00 -999 46 1100 Shares STC 74 EBR2LOA-List of Assets Page 37 • May 01, 200~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value (Aggregate Market Value) Market Unit Price 1~Iarket Value Gain/(Loss) JP Morgan Chase & Co 57,310.00 51.83 57,013.00 -297.00 1100 Shares Koninklijke Ahold NV Spons ADR 66.092.00 12.50 65,000.00 -1,092.00 5200 Shares Lockheed Martin Corp 58.645.40 98.10 59,841.00 1,195.60 610 Shares Loews Corp 72,399.60 51.03 78,075.90 5,676.30 1530 Shares McCormick & Co Non Voting Shrs 46,400.00 37.29 46,61250 212.50 1250 Shares NYSE Euronext 57,344.40 83.08 56.494.40 -850.00 680 Shares P G & E Corp 53,130.00 49.26 51,723.00 -1,407.00 1050 Shares PPL Corp 61,054.00 45 96 64,344.00 3,290.00 1400 Shares Praxair Inc 58,095.00 68.09 61,281.00 3,186.00 900 Shares Precision Castparls Corp 79,123-60 119 56 90.865.60 11,742.00 760 Shares Ryanair Holdings PLC Spons ADR 78,872.30 41.29 69,780.10 -9,09220 1690 Shares Safeway Inc 62,436.00 34.48 59,305.60 -3.130.40 1720 Shares Sears Holdings Corp 57,273.00 180.02 54,006.00 -3,267.00 300 Shares Simon Property Group Inc 68,015.20 107 98 63,708.20 -4,307.00 590 Shares Stericycle Inc 58,383.80 91.17 61,083.90 2,700.10 670 Shares STC 74 EBR2LOA-List o(Assets Page 38 May 01, 20~May 31, 2007 • Account Name : Te uesta Public Safet 4 Y Account No :80103784 List Of Assets Prior Period Ending Market Value (Aggregate Market Value) Current Market Unit pl'ICE Current Market Value Unrealized Gain/(boss) T Rowe Price Group Inc 57,132.00 51 35 59,052.50 1,920.50 1150 Shares Thermo f=lsher Scientific Inc 58,255.14 54,60 61,097.40 2,842.26 1119 Shares Tyco International Ltd 53,056.38 33.36 54,243.36 1,186.98 1626 Shares VCA Antech Inc 57,962.10 39.58 58.182.60 220.50 1470 Shares Volvo Aktiebolaget Spons ADR 82,679.50 21.03 89,377.50 f>,698 00 4250 Shares Wendy's International Inc 60,320.00 40.13 64,208.00 3,888.00 1600 Shares Total Equity 2,256,987.36 2,304.730.87 47,743.51 TOTAI.INVESTMENTS MARKET L'ALUF, 3,869,664.91 3,902,133.85 32,468.94 TOTAL ACCR UED INCOME 1 s,s58.1 a 16,958.14 NET ASSETS 3,886,623.05 3,919,091.99 32,468.94 STC 74 EBR2LOA-List of Assets Page 39 • May 01, 200~ay 31, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Brokerage Commissions Broker Name Lynch Jones & Ryan Total Non-Directed No. of Trades Commission Amt 2 4~ ao 2 41.40 Directed No. of Trades Commission Amt 0 0.00 0 0.00 STC 74 EBR2BRC-Broker Commissions Page 40 SALEM T~ST COMPANY Statement of Account June 1, 2007 Through June 30, 2007 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Account Number :80103784 ACCOUNT MANAGER Karen Russo 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attention: Lori McWilliams • 345 Tequesta Drive Tequesta, FL 33469-0273 • Account Name : Tequesta Public Safety June 01, 200~une 30, 2007 • Account No :80103784 Net Asset Summary Net Assets Beginning 06/01/2007 $ 3,919,091.99 1.0 Summary Of Receipts 1.1 Cash Contributions ~~ ,83 56 1 2- 1 4 Earnings from Investments 7 59' ?' Total Receipts 43,375.87 2.0 Summary Of Disbursements 2 1 Distribution Of Benefits 0.00 2 2 Other Dls(ributions 0.00 2 3 Administration Expenses -1.000 2A 2 4 Other Expenses 47~ ~g Total Disbursements -1,479.07 3.0 Changes in Net Assets 3.1 Unrealized Gain (Loss) _~3 754 44 3.2 - 3 3 Changes In Investments 0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 270,050 OS Less. Aggregate Carry Value (Market Value) 272,720 61 Total Gain/Loss -2,670.56 3 5 Accrued Income -Interest f5, 759.80 3.6 Accrued Income -Dividend 6 t 12 70 Total Accrued Income 21,872.50 Less: Prior Accrued Income 16.95f? 14 Total Changes In Net Assets -51,010.64 Net Assets Ending 06/30/Z007 $ 3,909,978.15 STC 74 EBRINAS-Net Asset Summary Page 2 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Investments Acquired Market Basis GS Financial Sq Trsy Oblig Adm 33,421.59 The Amount Shown Is The Net Of Deposits For The Entire Period Dow Chemical 56.901.61 Purchased 1242 Shares At 45.7945 Per Sh are Trade Date :06/07/2007 Settlement Date : 06/12/2007 Broker. Lynch Jones & Ryan FNMA 5.000% 03/15/16 38.719-08 Purchased 40000 Par Value At 96.7977 Trade Date :06/2012007 Settlement Date : 06/22/2007 Broker: Deutsche Bank U S Treasury Note 3.250% 01/15/09 77,965.63 Purchased 80000 Par Value At 97.457038 Trade Date 06/22/2007 Settlement Date : 06/26/2007 Broker: Deutsche Bank U S Treasury Note 4.125% 05/15/15 14,056.64 Purchased 15000 Par Value At 93.710933 Trade Date :06/20/2007 Settlement Date : 06/22/2007 Broker Salomon Brothers, Inc. U S Treasury Note 4.875% 05/31/11 79.646.88 Purchased 80000 Par Value At 99.5586 Trade Oate :06/20/2007 Settlement Date : 06/22/2007 Broker Salomon Brothers, Inc. Total Investments Acyur.red 300.711.43 STC 74 EBR2CIA-Changes in Investments Page 3 • June 01, 200~June 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Other Changes Market Basis 06/04/2007 Macy's Inc Received 1300 Name change from Federated Department Stores to Macy's Inc effective 06/01/07 06/04!2007 Federated Department Stores Delivered 1300 Name change from Federated Department Stores to Macys Inc eHecfive 06/01/07 06/01/2007 Stericycle Inc Stock Split 670 To reflect 2 for 1 stock spli( Total Stoclc Dividends Or Splits 51,909.00 5 t ,909.00 0.00 STC 74 EBR2CIA-Changes in Investments Page 4 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest U S Treasury Note 3.250% 01/15/09 06/26/2007 Accrued Interest On Purchase -1.163.54 Symbol: 912828BV1 -1,163.54 Li S Treasury Note 4.125"/" OS/IS/15 06/22!2007 Accrued Interest On Purchase -63.89 Symbol: 912828DV9 -63.89 UNMA Pass Thru Pool #599190 6.000"/" 03/15/35 06/15/2007 Rate 0.5 Payable 06/15/2007 On 30064.45 Par 150.32 Symbol: 36200EUP4 150.32 GNMA Pass Thru Pool #640896 7.000"/" 04/15/35 06/15/2007 Rate 0.58333333 Payable 06/15/2007 On 79438.87 Par 463.39 Symbol: 36291 W7H8 463.39 GNMA Yass Thru Pool #641273 4.500"/~ 04/15/35 06/15/2007 Rate 0.375 Payable 06/15/2007 On 69356.51 Par 260.09 Symbol: 36291XMW6 260.09 FNMA Pass Thru Pool #725773 5.500"/" 09/01/34 06126/2007 Rate 0.45833333 Payable 06!25/2007 On 24274.63 Par 11 1.26 Symbol: 31402DJS0 111.26 GS Financial Sq Trsy Oblig Adm 06/01/2007 1,076.26 Symbol: 38141XXXX STC 74 EBRIEFI-Earnings from Investments Page 5 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest 1,076.26 FNMA Pass Thru Pool #735503 6.000"/0 04/01/35 06/26/2007 Rate 0.5 Payable 06/25/2007 On 37194.91 Par 185.97 Symbol: 31402RDG1 185.97 FNMA Pass Thru Pool #8357(10 4.500"/" 09/01/35 06/26/2007 Rate 0.375 Payable 06/25/2007 On 62923.20 Par 235.96 Symbol: 31407NOM8 235.96 FNMA Pass 'Thru Pool #735897 5._500"/" 10/01/35 06/26/2007 Rate 0.45833333 Payable 06/25/2007 On 79511.61 Par 364.43 Symbol: 31402RRS0 364.43 FNMA 5.000"/" 03/15/16 06/22/2007 Accrued Interest On Purchase -538.89 Symbol: 31359MH89 -538.89 U S Treasury Note 3.625"/" 06/15/10 06/15/2007 Rate 1.8125 Payable 06/15/2007 On 80000.00 Par 1,450.00 Symbo1:912828DX5 1,450.00 U S Treasury Note 4.875"/" 05/31/11 06122!2007 Accrued Interest On Purchase -234.43 Symbol: 912828FH8 -234.43 LB-UBS Comm Mtge Tr 2007-C1 5.398"/" 02/15/40 06/18/2007 Rate 0.44983333 Payable 06/1 S/2007 On 30000.00 Par 134.95 Symbol: 50179AAC1 STC 74 EBRZEFI-Earnings from Investments Page 6 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15/29 06/18/2007 Rate 0.37583333 Payable 06/15!2007 On 30000.00 Par Symbol: 52108HU51 Wachovia Bank Series 2005-C19 4.661% 05/15/44 06/18/2007 Rate 0.38841667 Payable 06!15/2007 On 35000.00 Par Symbol: 929766X24 Bear Stearns Series 2007-T26 5.330% 01/12/45 06/13/2007 Rate 0.44416667 Payable 06/12/2007 On 25000.00 Par Symbol: 07388VAB4 Total Inte~~est 134.95 112.75 112.75 135.95 135.95 111-04 111.04 2,791.62 STC 74 EBR2EFI-Earnings from Investments Page 7 • Account Name : Tequesta Public Safety Earnings From Investments Dividends Anheuser-Busch Cos inc 06/11%2007 1100 Shares At 0.295 Per Share Symbol. 035229103 Boeing Co 06/01/2007 570 Shares At 0.35 Per Share Symbol: 097023105 CenturyTel Inc 06/15/2007 1186 Shares At 0.065 Per Share Symbol: 156700106 General Motors Corp 06/11/2007 1585 Shares At 0.25 Per Share Symbol: 370442105 Lockheed Martin Corp 06/22/2007 610 Shares At 0.35 Per Share Symbol; 539830109 Loews Corp 06/11/2007 1530 Shares At 0.0625 Per Share Symbol: 540424108 Praxair Inc 06/15/2007 900 Shares At 0.3 Per Share Symbol: 74005P104 June 01, 200~une 30, 2007 324.50 199.50 77.09 396.25 213.50 95.63 270.00 324.50 199.50 77.09 396.25 213.50 95.63 270.00 • Account No :80103784 STC 74 EBR2EFl-Earnings from Investments Page 8 • June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 Earnings From Investments Dividends Tyco International Ltd 06/07/2007 1626 Shares At 0.1 Per Share Symbol. 902124106 Volvo Aktiebolaget Spons ADR 06/08/2007 850 Shares At 3.601786 Per Share Symbol: 928856400 Total Dividend 162 60 3.061 52 162.60 3,061.52 4.800.59 ___ STC 74 EBR2EF1-Earnings from Investments page 9 • June 01, 200~une 30, 2007 • Account Mme : Tequesta Public Safety Account No :80103784 Earnings From Investments Pooled Funds No Data Qualifies Total Earnings Pahl 7.592.21 STC 74 EBR2EFl-Earnings from Investments Page 10 • June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest • Account No :80103784 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 492.19 Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30!09 50000 Par Value At 0.041 Par 512.50 Symbo1:3133X15Y9 FNMA 5.500% 03/15/11 105000 Par Value At 0.055 Par 1.684.38 Symbol: 31359MHK2 U S Treasury Note 3.250% 01/15/09 80000 Par Value At 0.0325 Par 1,192.27 Symbol: 9128288V1 U S Treasury Note 4.000°,~° 11/15/12 25000 Par Value At 0.04 Par 125.00 Symbol: 912828AP5 U S Treasury Note 6.000°/ 08/15/09 70000 Par Value At 0.06 Par 1,566.30 Symbol: 9128275N8 FNMA Pass Thru Pool #735503 6.000% 04/01/35 36606.32 Par Value At 0.06 Par 176.93 Symbol: 31402RDG1 FNMA Pass Thru Pool #735897 5.500% 10/01/35 78635.75 Par Value At 0.055 Par 348.40 Symbol: 31402RRS0 STC 74 EBR2AE1-Accrued Earnings Page 11 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued income -Interest GS Financial Sq Trsy Oblig Adm 91130.41 Par Value At 0.0457 Par Symbol: 38141 XXXX FNMA Pass Thru Pool #725773 5.500% 09/01/34 23957.76 Par Value At 0.055 Par Symbol: 31402DJS0 FNMA Pass Thru Pool #835760 4.500°,0 09/01/35 62389.62 Par Value At 0.045 Par Symbol: 31407NQM8 Pepsico Inc 5.150% 05/15/12 15000 Par Value At 0.0515 Par Symbol: 7134486F4 LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/40 30000 Par Value At 0.05398 Par Symbol: 50179AAC1 LB-UBS Comm Mtge Tr 2004-CS 4.510% 12!15/29 30000 Par Value At 0.0451 Par Symbol: 52108HU51 Wachovia Bank Series 2005-C19 4.661% 05/15/44 35000 Par Value At 0.04661 Par Symbo1:929766X24 Bear Stearns Series 2007-T26 5.330°,0 01/12/45 25000 Par Value At 0.0533 Par Symbol: 07388VAB4 91325 106.15 226.16 83.69 8.`i 4 7 71 41 131.41 107.34 STC 74 EBR2AEl-Accrued Earnings Page 12 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Incom e -Interest U S Treasury Note 4.625% 11/15/16 115000 Par Value At 0.04625 Par Symbol 912828FY1 U S Treasury Note 5.125% 05115/16 20000 Par Value At 0.05125 Par Symbo1:912828FF2 U S Treasury Note 4.875% 05/31/11 110000 Par Value At 0.04875 Par Symbol: 912828FH8 U S Treasury Note 4.875% 07/31 /11 70000 Par Value At 0.04875 Par Symbol: 912828FN5 FNMA 5.000°,/0 01/23109 60000 Par Value At 0.05 Par Symbol: 31359ME74 FNMA 5.000% 03/15/16 40000 Par Value At 0.05 Par Symbol: 31359MH89 Cisco Systems 5,500%02/22/16 11000 Par Value At 0.055 Par Symbol: 17275RAC6 U S Treasury Note 3.625% 06/15/10 80000 Par Value At 0.03625 Par Symbol, 912828DX5 June 01, 2007~ne 30, 2007 664.84 128.13 439.55 1,414.02 1.308.33 583.33 215.11 118.85 • Account No :80103784 STC 74 EBR2AEl-Accrued Earnings Page 13 • Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest Lehman Brothers Holdings 5.500% 04/04/16 15000 Par Value At 0.055 Par Symbol. 52517PF63 MidAmerican Energy Co 4.650% 10/01!14 15000 Par Value At 0.0465 Par Symbol: 595620AD7 FNMA 4.250% 09/28/07 50000 Par Value At 0.0425 Par Symbol: 31359MZD8 FHLMC 5.750% 03/15/09 20000 Par Value At 0.0575 Par Symbol: 3134A3EM4 Procter & Gamble Go 4.950`% 08/15/14 10000 Par Value At 0.0495 Par Symbol: 742718DA4 SBC Communications 5.100% 09/15/14 10000 Par Value At 0.051 Par Symbol: 78387GAP8 GNMA Pass Thru Pool #599190 6.000% 03/15/35 30032.28 Par Value At 0.06 Par Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000% 04/15(35 79355.4 Par Value At 0.07 Par Symbol: 36291 W7H8 June 01, 200~une 30, 2007 197.08 172.44 543,06 335,42 185.63 148.75 145.16 447.48 • Account No :80103784 STC 74 EBR2AEl-Accrued Earnings Page 14 • Account Name : Tequesta Public Safety June 01, 200~une 30, 2007 Earnings From Investments Accrued income -Interest • Account No :80103784 GNMA Pass Thru Pooi #641273 4.500'0 04/15/35 69252.9 Par Value At 0.045 Par 251.04 Symbol. 36291 XMW6 U S Treasury Note 4.125°/0 05/15/15 15000 Par Value At 0.04125 Par 77.34 Symbo1:912828DV9 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par 561.39 Symbol: 3133XSRQ7 Accrued I~icnnie -Interest 15,759.80 STC 74 EBR2AE1-Accrued Earnings Page 15 • June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety Earnings From Investments Accrucd Income -Dividends • Account No :80103784 International Flavors & Fragrances 1100 Shares At 0.21 Per Share 231.00 Symbol: 459506101 Kornnklijke Ahold NV Spons ADR 5200 Shares At 0.6799 Per Share 3,535.48 Symbol: 500467303 Heinz (H J) Co 1060 Shares At 0.38 Per Share 402.80 Symbol: 423074103 PG&ECorp 1050 Shares At 0.36 Per Share 378.00 Symbo1:69331C108 Hewlett-Packard Co 1385 Shares At 0.08 Per Share 110.80 Symbol: 428236103 T Rowe Price Group Inc 1150 Shares At 0.17 Per Share 195.50 Symbol: 741447108 PPL Corp 1400 Shares At 0.305 Per Share 427.00 Symbo1:69351T106 Safeway Inc 1720 Shares At 0.069 Per Share 118.68 Symbol: 786514208 STC 74 EBR2AE1-Accrued Earnings Page 16 • June 01, 200~1une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends Dow Chemical 1242 Shares At 0.42 Per Share 521,64 Symbol: 260543103 Precision Gastparts Corp 760 Shares At 0.03 Per Share 22 g0 Macy's Inc Symbol: 740189105 1300 Shares At 0.13 Per Share 169.00 Symbol, 55616P104 Accrued .Income - Divrdends Tnlal Accrued Income 6,112.70 21,872.50 STC 74 EBR2AEl-Accrued Earnings Page 17 • Account Name : Tequesta Public Safety Balance Sheet June 01, 200~une 30, 2007 • Account No :80103784 As Of 06/01/2007 Cost Value Market Value Cash And Receivables Cash Due From Broker Accrued Income Total Cash And Rcceivables Cash Equivalents Money Market Funds Total Cash Equivalents Fixed Income U S Government & Agencies Corporate Obligations Non Govt MBSiCMO/ABS Govt MBS/CMO/ABS GNMA Mortgage Pass Thru Total Fixed Income Equity Equity Total Lyuity Total Holdings TOTAI, ASSL 7S Payables Due To Broker Total Payables TOTAL LIAB[LITIES Total Net,9sset Value Total Li.ahilitics And Equity As Of (16/30/2007 Cost Value Market Value 0-00 0.00 11,235.42 11,235.42 0.00 0 00 0.00 0.00 16,958.14 16,958.14 21,872.50 21,872.50 16,958.14 16,958.14 33,107.92 33,107.92 267,672.06 267,672.06 91,130.41 91,130.41 267,672.06 267, 672.06 91,130.41 91,130.41 777,696.83 764,631.27 988,085.06 973,517.21 74,424.07 73,978.18 74,424.07 73,281.00 118,777.56 116.838.55 118,777.56 116,208.40 200,477.83 197,010.06 198,187.63 192.412.72 184,440.69 177,272.86 184,216.23 17.5,.512.61 1,355,816.98 1,329,730.92 1,563,690.55 1,530,931.94 1,773,368.50 2,304,730.87 1,780,671.42 2,254,807.88 1,773,368.50 2,304,730.87 1,780,671.42 2,254,807.88 3,396,857.54 3,902,133.85 3,435,492.38 3,876,870.23 3,413,815.68 3,919,091.99 3,468,600.30 3,909,978.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o.oo o.oo o.oo o.oo 3,413,815.68 3,919,091.99 3,468,600.30 3,909,978.15 3,413,815.68 3,919,091.99 3,468,600.30 3,909,978.15 STC 74 EBR28LS•Balance Sheet Page 18 • Account Name : Tequesta Public Safety Investment Summary Beginning Of Period Ending Of Period • Account No :80103784 Investment Change. Cash Equivalents Cash Money Market Funds Total Cash Equivalents Fixed Income U S Government & Agencies Corporate Obligations Non Govt MBS/CMO/ABS Govt MBSICMO/ABS GNMA Mortgage Pass Thru "Total Fixed Income Equity Egwty "Total Equity Changes In Investment -Other Tot81 Changes In Investment -Other Realized Gain/Loss On Sales Proceeds Less. Aggregate Carry Value (Market Value) Net Period Accruals Accrued Income Accrued Income Less: Prior Accrued Income 'Total Accrued Income Investment Summary Total Total C1langes In Net Assets June 01, 200~une 30, 2007 0 00 11,235.42 267,672.06 91,130.41 267,672.06 102,365.83 0. 00 764,631 27 973,517.21 -1,502. 29 73.978.18 73,281.00 -697. 18 116,838.55 116,208.40 -630. 15 197.010.06 192.412.72 -2,346. 68 177.272.86 175,512 61 -1,544 7~i 1,329,730.92 1,530,931.94 -6,721. 05 2,304,730.87 2.254,807.88 -46,533. 39 2,304,730.87 2,254,807.88 -46,533. 39 0.00 270,050.05 272.720.61 0.00 0.00 -2,670.56 16.958.14 21,872.50 21.87250 16.958.14 16,958.14 21,872.50 4,914.36 $ 3,919,091.99 $ 3,909,978.15 $ -51,010.64 STC 74 EBR2S01-Investment Summary Page 19 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts I.I Contributions Employer Conthbutions 23.105.80 Employee Contributions 12.677.86 Other Contributions 0.00 Total 35,783.66 Earnini;s From Investments 1.2 Interest 2.791.62 1.3 Dividends 4,800.59 1.4 Pooled Funds 0 00 Total 7,592.21 Total Receipts $ 43,375.87 Summary of Disbursements 2.1 Distribution Of Benefits Tnlal 0.00 2.2 ON~er Distributions Total 0.00 2.3 Administration Expenses Professional Fee -282.37 Attorneys' Fees _717 91 Fees And Commissions Total -1,000.28 2.4 Other Expenses Foreign Tax Withheld -459.23 STC 74 EBRISOR•Summary o/Receipts Page 20 June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety Summary of Disbursements • Account No :80103784 Foreign Withholding Fee Tntnl Tota[ Disbursements -478.79 -1,479.07 -19.56 STC 74 EBR2SOR-Summary of Receipts Page 21 • June 01, 2007•une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Contributions Employer Conh~ibution 06/05/2007 Employer Contribution 7,581.80 For payroll period ending 05!26/07 06115;2007 Employer Contribution 8,268 14 For payroll period ending 06109/07 06/29/2007 Employer Contribution 7,255.86 For payroll period ending 06/23!07 Total Employer Conh~ibution 23,105.80 Employee Contributions 06/05/2007 Employee Contributions 4,164.39 For payroll period ending 05/26/07 06/15/2007 Employee Contributions 4,533.91 For payroll period ending 06/09/07 06/29/2007 Employee Contributions 3,979.56 For payroll period ending 06/23!07 Total Employee Conh~ibulions 12,677.86 Total Cash Contributions 35,783.66 STC 74 EBR2COR-Contributions 8 Other Receipts Page 22 Accounte : Te uesta Public Safet 4 Y Other Receipts June 01, 200~une 30, 2007 • Account No :80103784 No Data Qualifies STC 74 EBR2COR-Contributions 8 Other Receipts Page 23 • Account Name : Tequesta Public Safety June 01, 2007~une 30, 2007 Account No :80103784 Distribution Of Benefits No Data Qualifies STC 74 EBR2DAE-Distribution 8 Expenses Page 24 • Account Name : Tequesta Public Safety Other Disbursements June 01, 200~une 30, 2007 No Data Qualifies • Account No :80103784 STC 74 EBR2DAE-Distribution 8 Expenses Page 25 • June 01, 2007~ne 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Administrative Expenses Professional Fee 06128/2007 To . Business Services Connection, Inc. Attendance at 05/07/07 meeting and preparation of minutes Tnta Professional Fee Attorneys' Fees 06/28/2007 To : Hanson Perry & Jensen P A Legal services through 06/15/07 Tnta Attorneys' Fee.c Total Administrative Erpe~zses 282.37 -282.37 717.91 -717.91 1,000.28 STC 74 EBRIDAE-Distribution 8 Expenses Page 26 • June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety Other Expenses Foreign 'Tax Withheld 06/08/2007 To Volvo Aktiebolaget Spons ADR Less :15.00% Sweden Tax Total Foreign Tax Wi.tlilleld i+oreign Withholding Fee 06108/2007 To : Sweden Volvo Aktiebolaget Spons ADR Volvo Aktiebolaget Spons ADR 2% fee on dividend paid 06/07/07 0610812007 To : Sweden Volvo Aktiebolaget Spons ADR Volvo Aktiebolaget Spons AOR 0.3% depository servicing fee on dividend paid 06/07/07 Total Foreign YVith/~olding Fe-e Total Otker Expenses 459.23 -459.23 17.00 -2.56 -19.56 -478.79 • Account No :80103784 STC 74 EBR2DAE-Distribution 8 Expenses Page 27 • June 01, 200~une 30, 2007 • Account Name :Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances 06/01/2007 Dividend Payable On 06/01/2007 Boeing Co 570 Shares At 0.35 06/01/2007 Interest GS Financial Sq Trsy Oblig Adm Payable On 05/31/2007 06/01/2007 Stock Split On 05/31/2007 Stericycle Inc Units Received 670 New Share Value Is 1340 06/04/2007 CUSIP/Name Change -Free Deliver Distributed -1300 Units Federated Department Stores Name change from Federated Department Stores to Macy's Inc effective 06/01/07 06/04/2007 CUSIP/Name Change -Free Receipt 1300 Units Macy's Inc Name change from Federated Department Stores to Macy's Inc effective 06/01/07 06/05/2007 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta For payroll period ending 05/26/07 06/05/2007 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta For payroll period ending 05!26/07 $ 0.00 $ 0.00 199.50 1.076.26 7,581.80 4.164.39 STC 74 LARGE FONT -Transactions (2 col) • NEWTRNH Page 28 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 06/07!2007 Dividend 162.60 Payable On 06/06/2007 Tyco International Ltd 1626 Shares At 0.10 06/08/2007 Dividend 3,061.52 Payable On 06/07/2007 Volvo Aktiebolaget Spons ADR 850 Shares At 3.601786 06/08/2007 Foreign Tax Withholding -459.23 Foreign Tax Withheld Related To Asset :Volvo Aktiebolaget Spons ADR Less :15.00% Sweden Tax 06108/2007 Cash Disbursement -17.00 Foreign Withholding Fee Paid To :Sweden Related To Asset :Volvo Aktiebolaget Spons ADR Volvo Aktiebolaget Spons ADR 2% fee on dividend paid 06/07/07 06/08/2007 Cash Disbursement -2.56 Foreign Withholding Fee Paid To :Sweden Related To Asset :Volvo Aktiebolaget Spons ADR Volvo Aktiebolaget Spons ADR 0.3% depository servicing fee on dividend paid 06/07/07 06/11/2007 Dividend 396.25 Payable On 06/09/2007 General Motors Corp 1585 Shares At 0.25 06!11/2007 Dividend 95.63 Payable On 06/11/2007 Loews Corp 1530 Shares At 0.0625 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 29 • June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description L~come Principal 06/11/2007 Dividend 324.50 Payable On 06/11/2007 Anheuser-Busch Cos Inc 1100 Shares At 0.295 06/12/2007 Purchased On 06/07/2007 1242 Units -56,901.61 Dow Chemical 1242 Units At $ 45.7945 Per Unit Through Lynch Jones & Ryan 06/12/2007 Sold On 06/07/2007 795 Units 47,678.92 BRE Properties CI A 795 Units At $ 59.9944 Through Lynch Jones & Ryan 06112/2007 Sold On 06/07/2007 477 Units 9,873.74 Volvo Aktiebolaget Spons ADR 477 Units At $ 20.72 Through Lynch Jones & Ryan 06/13/2007 Mortgage Backed -Other Pass Through Interest 111.04 Bear Stearns Series 2007-T26 5.330% 01/12/45 Payable On 06/12/2007 Received On 25000 Units Principal Balance Reduction of 0.000000 06/15/2007 Dividend 77.09 Payable On 06/15/2007 CenturyTel Inc 1186 Shares At 0.065 06!15/2007 Interest 1,450.00 U S Treasury Note 3.625% 06115/10 Payable On 06/15/2007 Received On 80000 Units STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 30 • June 01, 200~une 30, 2007 • Account Mme : Tequesta Public Safet Y Account No :80103784 Transactions Date Description Income Principal 06/15/2007 Dividend 270.00 Payable On 06/15/2007 Praxair Inc 900 Shares At 0.30 06/15/2007 Mortgage Backed -GNMA Principal 83.47 On 06/15!2007 GNMA Pass Thru Pool #640896 7.000% 04/15/35 06115/2007 Mortgage Backed -GNMA Interest 463.39 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 06/15/2007 Received On 79438.87 Units Principal Balance Reduction of 83.470000 06/15/2007 Mortgage Backed -GNMA Principal 103.61 On 06/15/2007 GNMA Pass Thru Pool #641273 4.500% 04/15/35 06/15/2007 Mortgage Backed -GNMA Interest 260.09 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 06/15/2007 Received On 69356.51 Units Principal Balance Reduction of 103.610000 06/15/2007 Mortgage Backed -GNMA Principal ;;2.17 On 06/15/2007 GNMA Pass Thru Pool #599190 6.000% 03!15/35 06/15/2007 Mortgage Backed -GNMA Interest 150.32 GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 06/15/2007 Received On 30064.45 Units Principal Balance Reduction of 32.170000 STC 74 LARGE FONT • Transactions (2 col) - NEWTRNH Page 31 • June 01, 2007~ne 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 06/15!2007 Scheduled Cash Deposit 8,268.14 Employer Contribution Received From :Village of Tequesta For payroll period ending 06/09/07 06/15/2007 Scheduled Cash Deposit 4,533.91 Employee Contributions Received From :Village of Tequesta For payroll period ending 06109/07 06/18/2007 Mortgage Backed -Other Pass Through Interest 134.95 LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/40 Payable On 06/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 06/18/2007 Mortgage Backed -Other Pass Through Interest 112.75 LB-UBS Comm Mtge Tr 2004-C8 4.510% 12/15/29 Payable On 06/15/2007 Received On 30000 Units Principal Balance Reduction of 0.000000 06/18/2007 Mortgage Backed -Other Pass Through Interest 135.95 Wachovia Bank Series 2005-C19 4.661% 05/15/44 Payable On 06/15/2007 Received On 35000 Units Principal Balance Reduction of 0.000000 06/22/2007 Dividend 213.50 Payable On 06/22/2007 Lockheed Martin Corp 610 Shares At 0.35 06122/2007 Purchased On 06/20/2007 40000 Units -38,719.08 FNMA 5.000% 03/15/16 40000 Units At $ 96.7977 Per Unit Through Deutsche Bank STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 32 ~ June 01, 200~une 30. 2007 • Account e : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 06/22/2007 Purchase Accrued Interest -538.89 FNMA 5.000% 03/15/16 To 06/22/2007 06/22/2007 Purchased On 06/20/2007 15000 Units -14,056.64 U S Treasury Note 4.125% 05/15/15 15000 Units At $ 93.710933 Per Unit Through Salomon Brothers, Inc. 06/22/2007 Purchase Accrued Interest -63.89 U S Treasury Note 4.125% 05/15/15 To 06/22/2007 06/22/2007 Purchased On 06/20/2007 80000 Units -79,646.88 U S Treasury Note 4.875% 05/31/11 80000 Units At $ 99.5586 Per Unit Through Salomon Brothers, Inc. 06/22/2007 Purchase Accrued Interest -234.43 U S Treasury Note 4.875% 05/31/11 To 06/22/2007 06/26/2007 Mortgage Backed -Other Pass Through Principal 588.59 On 06/25/2007 FNMA Pass Thru Pool #735503 6.000% 04/01/35 06/26/2007 Mortgage Backed -Other Pass Through Interest 185.97 FNMA Pass Thru Pool #735503 6.000% 04/01/35 Payable On 06/25/2007 Received On 37194.91 Units Principal Balance Reduction of 588.590000 06/26/2007 Mortgage Backed -Other Pass Through Principal 533.58 On 06/25/2007 FNMA Pass Thru Pool #835760 4.500% 09/01/35 STC 74 LARGE FONT • Transactions (2 col) - NEWTRNH Page 33 June 01, 200~une 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 06/26/2007 Mortgage Backed -Other Pass Through Interest 235.96 FNMA Pass Thru Pool #835760 4.500% 09/01/35 Payable On 06/25/2007 Received On 62923.2 Units Principal Balance Reduction of 533.580000 06/26/2007 Mortgage Backed -Other Pass Through Principal 316.87 On 06/25/2007 FNMA Pass Thru Pool #725773 5.500% 09/01/34 06/26/2007 Mortgage Backed -Other Pass Through Interest 111.26 FNMA Pass Thru Pool #725773 5.500% 09/01/34 Payable On 06/25/2007 Received On 24274.63 Units Principal Balance Reduction of 316.870000 06/26/2007 Mortgage Backed -Other Pass Through Principal 875.86 On 06/25/2007 FNMA Pass Thru Pool #735897 5.500% 10/01/35 06/26/2007 Mortgage Backed -Other Pass Through Interest 364.43 FNMA Pass Thru Pool #735897 5.500% 10/01/35 Payable On 06/25/2007 Received On 79511.61 Units Principal Balance Reduction of 875.860000 06/26/2007 Purchased On 06/22/2007 80000 Units -77,965.63 U S Treasury Note 3.250% 01/15/09 80000 Units At $ 97.457038 Per Unit Through Deutsche Bank 06/26/2007 Purchase Accrued Interest -1,163.54 U S Treasury Note 3.250% 01/15/09 To 06/26/2007 06/28/2007 Scheduled Cash Disbursement -282.37 Professional Fee Paid To :Business Services Connection, Inc. STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 34 • June 01, 200~une 30, 2007 Account Name :Tequesta Public Safety • Account No :80103784 Transactions Date Description Inco-nc ~'rincipal Attendance at 05/07/07 meeting and preparation of minutes 06/28/2007 Scheduled Cash Disbursement Attorneys' Fees Paid To :Hanson Perry & Jensen P A Legal services through 06/15/07 06/29/2007 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta For payroll period ending 06/23/07 06/29/2007 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta For payroll period ending 06/23/07 Short Term Investment Summary 06/01/2007 To 06/30/2007 9 Purchase(s) For 3 Sale(s) For * * * Ending Balances -717.91 7,255.86 3,979.,56 0.00 -33,421.59 0.00 209,963.24 $ 0.00 $ 11,235.42 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 35 • Account Name : Tequesta Public Safety Gain (Loss) On Sale Of Assets June 01, 200~une 30, 2007 Prior Period F,nding Market Value (Aggregate Cost Basis) • Account No :80103784 Proceeds Cain/(boss) BRE Properties CIA 50.259.90 47,678.92 -2,580.98 Sold 795 Shares At 59.99 Per Share, Less Expenses Trade Date :06/07/2007 Settlement Date :06/12/2007 Broker: Lynch Jones & Ryan FNMA Pass Thru Pool #725773 5.500°0 09/01/34 310.08 316.87 6.79 FNMA Pass Thru Pool #735503 6.000% 04/01/35 590.91 588.59 -2.32 FNMA Pass Thru Pool #735897 5.500% 10/01/35 856.40 875.86 19.46 FNMA Pass Thru Pool #835760 4.500% 09/01/35 493.27 533.58 40.31 GNMA Pass Thru Pool #599190 6.000% 03/15/35 32.34 32.17 -0.17 GNMA Pass Thru Pool #640896 7.000% 04/15/35 86.59 83.47 -3.12 GNMA Pass Thru Pool #641273 4.500% 04/15/35 96.57 103.61 7.04 GS Financial Sq Trsy Oblig Adm 209,963.24 209,963.24 0.00 The Amount Shown Is The Net Of Withdrawls For The Entire Period Volvo Aktiebolaget Spons ADR 10.031.31 9,873.74 -157.57 Sold 477 Shares At 20.72 Per Share, Less Expenses Trade Date .06/07/2007 Settlement Date :06/12/2007 Broker Lynch Jones & Ryan Total Gana (Loss) On Sa/es 272,720.61 270,050.05 -2,670.56 STC 74 EBR2GLS-Gain(Loss) on Sale of Asset Page 36 Account -~me : Te uesta Public Safet 4 Y List Of Assets June 01, 200~une 30, 2007 • Account No :80103784 Prior Period Current Current IInrealiaed Ending Market Value Market Unit Market Value Gain/(I,ossj (Aggregate Market VTluc) YCICe CASH Money Market Funds GS Financial Sq Trsy Oblig Adm 91130.41 Par Value Total Money Market Funds Fixed Income U S Government & Agencies FHLB 50000 Par Value FHLB Series UD09 25000 Par Value FHLB Series X209 50000 Par Value FHIMC 20000 Par Value FNMA 50000 Par Value FNMA 60000 Par Value FNMA 40000 Par Value FNMA 105000 Par Value U S Treasury Note 80000 Par Value 11,235.42 11,235.42 0.00 11,235.42 11,235.42 0.00 91,130.41 1.00 91,130.41 0.00 102,365.83 102,365.83 0.00 4.700% 10/04/2011 48,843.75 0-974688 48,734.38 -109.37 5-250% 02/13/2009 25,007.81 1.000313 25,007.81 0 00 4.100°/ 03!30/2009 49,062.50 0.981875 49,093.75 31 25 5.750% 03/15/2009 20,175.00 1.008438 20,168.75 -6.25 4.250% 09/28/2007 49.828.13 0.997188 49,859.38 3125 5.000% 01/2312009 59,756.25 0.996563 59,793.75 37.50 5.000% 03/15/2016 38,719.08 0.969688 38.787.50 68.42 5.500% 03/15/2011 106,115.63 1.008438 105,885.94 -229 69 3.250`% 01/15/2009 77,965.63 0.975313 78,025.00 59.37 STC 74 EBR2LOA-List of Assets Page 37 June 01, 2007~une 30, 2007 • Account~e : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Valuc Gain/(Loss) (~ggre~ate Market Valuc) Pl'iCe U S Treasury Note 4.000% 11/15/2012 24,015.63 0.95875 23,968.75 -46.88 25000 Par Value U S Treasury Note 4.125% 05/15/2015 14.056.64 0.9425 14,137.50 80.86 15000 Par Value U S Treasury Note 6.000% 08/15/2009 71,575.00 1.021563 71,509.38 -65.62 70000 Par Value U S Treasury Note 3.625% 06/15/2010 77,275.00 0.965625 77,250.00 -25.00 80000 Par Value U S Treasury Note 5.125% 05/15/2016 20,312.50 1.005625 20.112.50 -200.00 20000 Par Value U S Treasury Note 4.875% 05/31!2011 109,675.01 0.998438 109.828.13 153.12 110000 Par Value U S Treasury Note 4.875% 07/3112011 70,043.75 0.99875 69,912.50 -131.25 70000 Par Value U S Treasury Note 4.625% 11/15/2016 112,592.19 0.969063 111,442.19 -1,150.00 115000 Par Value Total U S Government & Agencies 975,019.50 973,517.21 -1,502.29 Corporate Obligations Cisco Systems 5.500% 02/22/2016 10,871.77 0.975808 10,733.89 -137.88 11000 Par Value Lehman Brothers Holdings 5.500°,a 04/04/2016 14,741.87 0.970902 14.563.53 -178.34 15000 Par Value MidAmerican Energy Co 4.650% 10/01/2014 14,142.15 0.932998 13,994.97 -147.18 15000 Par Value Pepsico Inc 5.150% 05/15/2012 14,864.55 0.987705 14,815.58 -48 97 15000 Par Value Procter & Gamble Co 4.950% 08/15/2014 9,695.94 0.963463 9,634.63 -61.31 10000 Par Value SBC Communications 5.100% 09/15/2014 9,661.90 0.95384 9,538.40 -123.50 10000 Par Value STC 74 EBR2LOA-List of Assets Page 38 June 01, 20l~June 30, 2007 • Accoun~me : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current. Unrealized Ending Market Value Market Unit Market Value Gain/(Loss/ (Aggregate Market Value) P-'ICC Total Corporate Obligations 73,978.18 73,281.00 -697.18 Non Govt MBS/CMO/A~3S Bear Stearns Series 2007-T26 5.330% 01/12/2045 24,775.75 0.98644 24,661.00 -114.75 25000 Par Value LB-UBS Comm Mtge Tr 2004-C8 4.510°,% 12/15/2029 28,856.70 0.95815 28,744.50 -112.20 30000 Par Value LB-UBS Comm Mtge Tr 2007-C1 5.398% 02/15/2040 29,667.00 0.97973 29,391.90 -275.10 30000 Par Value Wachovia Bank Series 2005-C1 4.661% 05/15/2044 33,539.10 0.9546 33,411.00 -128.10 35000 Par Value Total Non Govt MBS/CMO/ABS 116,838.55 116,208.40 -630.15 Govt MBS/CMO/ABS FNMA Pass Thru Pool #725773 5.500% 09/01/2034 23,444.48 0.968185 23,195.55 -248.93 23957.76 Par Value FNMA Pass Thru Pool #735503 6 000% 04/01/2035 36,750.39 0.994137 36.391.68 -358 71 36606.32 Par Value FNMA Pass Thru Pool #735897 5.500% 10/01/2035 76,888.29 0.966932 76,035 41 -852 88 78635.75 Par Value FNMA Pass Thru Pool #835760 4.500% 09/01/2035 57.676.24 0.910249 56,790.08 -886 16 62389.62 Par Value Total Govt MBS/CMOJABS 194,759.40 192,412.72 -2,346.68 GNMA Mortgage Pass Thru GNMA Pass Thru Pool #599190 6.000°~0 03/15x2035 30.189.68 0.995685 29,902 68 -287.00 30032.28 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15!2035 82.319.69 1.033872 82,043.35 -276.34 79355.4 Par Value GNMA Pass Thru Pool #641273 4.500% 04/1512035 64,547.99 0.917891 63,566.58 -981.41 69252.9 Par Value Total GNMA Mortgage Pass Thru 177,057.36 175,512.61 -1,544.75 Equity STC 74 EBR2LOA-Lisf of Assets Page 39 • June 01, 2007~ne 30, 2007 Account Name : Tequesta Public Safety • Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) FI~ICP, Equity Alliant Energy Corp 56,160.00 38.85 50,505.00 -5,655.00 1300 Shares Anheuser-Busch Cos Inc 58,674.00 52.16 57,376.00 -1,298.00 1100 Shares AT&T Inc 66.144.00 41.50 66,400.00 256.00 1600 Shares Bayer AG Spons ADR 82,662.00 75.30 86,595.00 3.933.00 1150 Shares Boeing Co 57,336.30 96.16 54,811.20 -2,525.10 570 Shares CenturyTellnc 58,612.12 49.05 58.173.30 -438.82 1186 Shares Cisco Systems Inc 52,278.64 27.85 54,084.70 1,806.06 1942 Shares Colgate-Palmolive Co 53,568.00 64.85 51,880.00 -1,688.00 800 Shares Dow Chemical 56,901.61 44.22 54,921.24 -1,980 37 1242 Shares Echostar Communications A 64.484.00 43.37 60,718.00 -3.766.00 1400 Shares Fiserv Inc 56,880.00 56.80 54,528.00 -2,352.00 960 Shares General Motors Corp 47,534.15 37.80 59,913.00 12,378.85 1585 Shares Heinz (H J) Co 50,434.80 47.47 50,318.20 -116.60 1060 Shares Henry Schein Inc 52,727.05 53.43 52.628.55 -98.50 985 Shares STC 74 EBR2LOA-List of Assets Page 40 • June 01, 200~une 30, 2007 Account Name : Tequesta Public Safety List Of Assets Prior Period ending Market Value (Aggregate Market Value) Hewlett-Packard Co 63,308.35 1385 Shares International Flavors & Fragrances 56.463.00 1100 Shares JP Morgan Chase & Co 57,013.00 1100 Shares Koninklijke Ahold NV Spons ADR 65.000.00 5200 Shares Lockheed Martin Corp 59,841.00 610 Shares Loews Corp 78,075.90 1530 Shares Macy's Inc 51,909.00 1300 Shares McCormick & Co Non Voting Shrs 46.612.50 1250 Shares NYSE Euronext 56,494.40 680 Shares P G & E Corp 51,723.00 1050 Shares PPL Corp 64,344.00 1400 Shares Praxair Inc 61,281.00 900 Shares Precision Castparts Corp 90,865.60 760 Shares Ryanair Holdings PLC Spons ADR 69,780.10 1690 Shares Safeway Inc 59,305.60 1720 Shares • Account No :80103784 Current Market Unit Price Current Market Value Unrealised Gain/(Loss) 44.62 61,798.70 -1.509.65 52.14 57,354.00 891.00 48.45 53.295.00 -3.718.00 12-52 65,104.00 104.00 94.13 57,419.30 -2,421.70 50.98 77.999.40 -76.50 39.78 51,714.00 -195.00 38.18 47,725.00 1,112.50 73.62 50,061.60 -6,432.80 45.30 47,565.00 -4,158.00 46.79 65,506.00 1,162.00 71.99 64,791.00 3.510.00 121.36 92,233.60 1.368.00 37.75 63,797.50 -5,982 60 34.03 58.531.60 -774.00 STC 74 EBR2LOA•List o(Assets Page 41 • June 01, 2007~ne 30, 2007 Account Name : Tequesta Public Safety List Of Assets Prior Period Current Cun-ent Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PI'ice Sears Holdings Corp 54,006.00 169.50 50.850.00 -3.156.00 300 Shares Simon Property Group Inc 63.708,20 93.04 54,893.60 8,814.60 590 Shares Stericycle Inc 61,083.90 44.46 59,576.40 -1,507.50 1340 Shares T Rowe Price Group Inc 59,052.50 51.89 59,673.50 621.00 1150 Shares Thermo Fisher Scientific Inc 61,097.40 51.72 57,874.68 -3,222.72 1119 Shares Tyco International Ltd 54,243.36 33.79 54,942.54 699.18 1626 Shares VCA Antech Inc 58,182.60 37.69 55,404.30 -2,778.30 1470 Shares Volvo Aktiebolaget Spons ADR 79,346.19 19.89 75.oa4 97 -4,301 22 3773 Shares Wendy's International Inc 64,208.00 36.75 58.800.00 -5,408.00 1600 Shares Total Equity 2,301,341.27 2,254,807.88 -46,533.39 TOTAI, INVESTMENTS MAXRET ViiLUE 3,941,360.09 3,888,105.65 -53,254.44 TOTAL ACCRUED INCOME 21,872.50 21,872.so NET ASSETS 3,963,232.59 3,909,978.15 -53,254.44 • Account No :80103784 STC 74 EBR2LOA-List o(Assets Page 42 • June 01, 20(>~June 30, 2007 • Account Name : Tequesta Public Safety Account No :80103784 Brokerage Commissions Broker Name Non-Directed Directed No. of Trades Commission Amt No. of Trades Commission Amt Lynch Jones & Ryan Total 3 50.28 3 50.28 0 0.00 0 0.00 S TC 74 EBR28RC-Broker Commissions Page 43 Laur, Betty om: Ed Sabin [esabin@3implant.com] ~nt: Thursday, July 26, 2007 9:21 AM o: Laur, Betty Cc: McWilliams, Lori; Forsythe, Jody Subject: RE: Re-appointment to Pension Board Betty, Please accept this e-mail as my request for re-appointment to the Village of Tequesta Public Safety Pension Board. Sincerely, Edward G. Sabin From: Laur, Betty [mailto:blaur@tequesta.org] Sent: Wednesday, July 18, 2007 11:59 AM To: Ed Sabin Cc: McWilliams, Lori; Forsythe, Jody Subject: Re-appointment to Pension Board Ed, I understand that Lori has not received your letter requesting re-appointment to the board. Please send it asap (E~y~cv~"sE!ianz5(~~c~uosi~.c~ra) so we can include it in the agenda I am working on for the August 6 meeting. Thank you! Betty PORTANT: The contents of this email and any attachments are confidential. They are intended for the named cipient(s) only. If you have received this email in error, please notify the system manager or the sender immediately and do not disclose the contents to anyone or make copies thereof. *** eSafe scanned this email for viruses, vandals, and malicious content. "*' •