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Home My WebLink AboutDocumentation_Pension Public Safety_Tab 12_04/18/2006SALEM TR~ COMPANY Statement of Account January 1, 2006 Through January 31, 2006 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT EXECUTIVE Bradley K. Rinsem 954-426-5772 ACCOUNT MANAGER Karen RussolJulie Clark 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 January 01, 2006 lnuary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Net Asset Summary s 2,914,457.78 Net Assets Beginning 01/01/2006 1.0 Summary Of Receipts 21,332.86 1.1 Cash Contributions 4, 982.52 1.2 - 1.4 Earnings from Investments Total Receipts 2.0 Summary Of Disbursements 2.1 Distribution Oi Benefits 2.2 Other Distributions 2.3 Administration Expenses 2.4 Other Expenses Total Disbursements 3.0 Changes In Net Assets 3,1 Unrealized Gain (Loss) 3.2 - 3.3 Changes In Investments 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds Less: Aggregate Carry Value (Market Value) Total GalnlLoss 3.5 Accrued Income -Interest 3.6 Accrued Income -Dividend Total Accrued Income Less: Prior Accrued Income Total Changes In Net Assets Net Assets Ending 01/31/2006 -3.290. f f 0.00 -750.00 -30.57 67,115.50 0.00 330, 414.15 331, 829.43 -1,415.28 14,381.47 891.55 15,073.02 14, 623.18 26,315.38 -4,070.68 66,150.06 S 3,002,852.54 Page 2 S7C 74 EBR2NA5-Net Asset Summary :: January 01, 2006 To~ary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Changes In Investments Market Basis Investments Acquired 81,480.43 Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Deposits For The Entire Period ADTRAN Inc Purchased 1455 Shares At 31.3474 Per Share Trade Date :01/11/2006 Settlement Date :01117/2006 Broker: Lynch Jones & Ryan FNMA Pass Thru Pool #725773 5.500% 09/01!34 Purchased 29547.88Par Value At 99.511708 Trade Date :01/05/2006 Settlement Date :01/23/2006 Broker: Citigroup Global MKTS Inc/Salomon FNMA Pass Thru Pool #735897 5.500% 10/01135 Purchased 63371.32Par Value At 99.390623 Trade Date :01/05/2006 Settlement Date :01/2312006 Broker: Raymond James & Associates FNMA Pass Thru Pool #735897 5.500% 10/01135 Purchased 29248.3Par Value At 99.390631 Trade Date :01/10/2006 Settlement Date :01/2312006 Broker: Raymond James & Associates Henry Schein Inc Purchased 985 Shares At 45.5038 Per Share Trade Date :01/11/2006 Settlement Date :01/17/2006 Broker: Lynch Jones & Ryan THO Inc Purchased 1645 Shares At 27.1832 Per Share Trade Date : 01/1 t/2006 Settlement Date :01/17/2006 Broker: Lynch Jones ~ Ryan U S Treasury Note 4.250% 08/15/15 Purchased 25000 Par Value At 98.13672 Trade Date :01/27/2006 Settlement Date :01/30/2006 Broker: UBS Warburg LLC 45,639.57 29,403.60 62,985.15 29,070.07 44,840.94 44,749.26 24,534.18 362,703.20 Total Investments Acquired Page 3 STC 74 EBR2CIA-Changes in Investments • 2006 To ~a 31, 2006 • January 01, rY Account No :80103784 Account Name : Tequesta Public Safety Changes In Investments Market Basis No Stock Dividends /Splits And Other Changes Qualify Pape 4 STC 74 E8R2CIA-Changes !n Investments • January 01, 2006 To~ary 31, 2006 Account Name : Tequesta Public Safety Earnings From Investments Interest U S Treasury Note 4.125% 05/15/15 01/17/2006 Accrued Interest On Sale Symbo1:912828DV9 GNMA Pass Thru Pool #599190 6.000% 03/15/35 01/19/2006 Rate 0.5 Payable 01/1512006 On 99166.78 Par Symbol: 36200EUP4 GNMA Pass Thru Pool #640208 6.500% 03/15/35 01119/2006 Rate 0.54166667 Payable 01/15/2006 On 119640.96 Par Symbol; 36291 WGR6 01/23/2006 Accrued Interest On Sale Symbol: 36291 WGR6 GNMA Pass Thru Pool #640896 7.000% 04/15/35 01/19/2006 Rate 0.58333333 Payable 01/15/2006 On 103043.41 Par Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 01/19/2006 Rate 0.375 Payable 01/15/2006 On 79055.99 Par Symbol: 36291 XMW6 FNMA Pass Thru Pool #725773 5.500% 09/01/34 01123/2006 Accrued Interest On Purchase Symbo1:31402DJS0 Goldman Sachs Treasury Obligations Fd Account No~ 03784 107.68 107.88 495.83 495.83 648.06 416.47 1,064.53 solos 801.09 296.46 298.46 -99.31 -99.31 Page 5 STC 74 EBR2EF1-Eamings /rom Investments January 01, 2006 T~uary 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest 01 /03/2006 Symbo1:38141XXXX 514.07 514.07 -485.05 -485.05 249.09 249.09 260.28 260.28 -213.00 -98.31 -311.31 2,893.38 U S Treasury Note 4.250% 08/15/15 01/30/2006 Accrued Interest On Purchase Symbo1:912828EE6 FNMA Pass Thru Pool #735503 6.000% 04/01/35 01/26/2006 Rate 0.5 Payable 01/25/2006 On 49818.89 Par Symbol: 31402RDG 1 FNMA Pass Thru Pool #835760 4.500% 09/01/35 01/27/2006 Rate 0.375 Payable 01/25/2006 On 69408.04 Par Symbo1:31407NOM8 FNMA Pass Thru Pool #735897 5.500% 10/01/35 01/23/2006 Accrued Interest On Purchase Symbol: 31402RRS0 01/23/2006 Accrued Interest On Purchase Symbol: 31402RRS0 Totallnterest Pape 8 STC 74 EBR2EF1-Earnings from Investments • Account Name : Tequesta Public Safety Earnings From Investments Dividends Apartment Invt & Mgmt Co -A 01/31/2006 970 Shares At 0.6 Per Share Symbol: 037488101 Baxter International Inc 01/05/2006 1000 Shares At 0.582 Per Share Symbol: 071813109 Canadian Pacific Railway Ltd ADR 01/31/2006 935 Shares At 0.130776 Per Share Symbo1:13645T100 Chesapeake Energy Corp 01117/2006 1790 Shares At 0.05 Per Share Symbo1:165167107 EI Paso Corp 01/03/2006 3540 Shares At 0.04 Per Share Symbol: 28336L109 Hcc Insurance Holdings Inc Com 01/13/2006 1305 Shares At 0.075 Per Share Symbol: 404132102 McKesson HBOC Inc 01/03/2006 860 Shares At 0.06 Per Share Symbol: 58155Q103 January 01, 2006 T~ary 31, 2006 103784 Account No 582.00 582.00 122.28 89.50 141.so 97.88 51.60 582.00 582.00 122.28 89.50 t: 141.60 97.88 51.80 Page 7 STC 74 EBR2EF1-Eemings from Investments • Account Name : Tequesta Public Safety Earnings From Investments Dividends P G & E Corp 01/17/2006 1050 Shares At 0.33 Per Share Symbol: 69331 C108 Precision Castparts Corp 01/03/2006 960 Shares At 0.03 Per Share Symbol: 740189105 Safeway Inc 01/20/2006 1720 Shares At 0.05 Per Share Symbol: 786514208 T Rowe Price Group Inc 01/13/2006 575 Shares At 0.28 Per Share Symbol: 741447108 Tofal Dividend January 01, 2006 T~uary 31, 2006 346.50 28.80 86.00 161.00 • Account No :80103784 346.50 28.80 86.00 181.00 2,289.16 Page 8 STC 74 EBR2EF1-Earnings from Investments January 01, 2006 T~arY 31, 2006 • Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments Pooled Funds No Data Qualifies Total Earnings Paid . 4,982.52 Page 9 STC 74 EBR2EFl-Earnings from Investments January 01, 2006 ~uary 31, 2006 • Account N 0103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest FNMA Pass Thru Pool #835760 4.500% 09/01/35 259.29 69144.51 Par Value At 0.045 Par Symbol: 31407NQM8 FNMA Pass Thru Pool #735897 5.500% 10/01135 ~ 424.51 92619.62 Par Value At 0.055 Par Symbol: 31402RRS0 FNMA Pass Thru Pool #725773 5.500% 09!01134 135.43 29547.88 Par Value At 0.055 Par Symbol: 31402DJS0 U S Treasury Note 4.250% 08115/15 487.94 25000 Par Value At 0.0425 Par Symbol: 912828EE6 FNMA Pass Thru Pool #735503 6.000% 04/01/35 243.77 48754.52 Par Value At 0.06 Par Symbol: 31402RDG1 FNMA 4.250% 09/28/07 1,669.90 115000 Par Value At 0.0425 Par Symbol: 31359MZD8 FHLMC . 5.750% 03/15/09 1,086.11 50000 Par Value At 0.0575 Par Symbol: 3134A3EM4 GNMA Pass Thru Pool #599190 6.000% 03/15/35 351.35 70270.58 Par Value At 0.06 Par Symbol: 36200EUP4 Page 10 S7C 71 EBR2AE1-Accrued Earnings January 01, 2006 T~ary 31, 2006 • Account No : 0103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest GNMA Pass Thru Pool #640896 7.000% 04/15/35 600.59 102958.84 Par Value At 0.07 Par Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 296.04 78944.88 Par Value At 0.045 Par Symbol: 36291 XMW6 U S Treasury Note 4.000% 02/15115 826.63 45000 Par Value At 0.04 Par Symbol: 912828DM9 FHLB 4.700% 10/04/11 763.75 50000 Par Value At 0.047 Par Symbol: 3133X8RQ7 FHLB Series UD09 5.250% 02/13!09 605.21 25000 Par Value At 0.0525 Par Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30/09 689.03 50000 Par Value At 0.041 Par Symbol: 3133X15Y9 FNMA 5:500% 03/15/11 2181.67 105000 Par Value At 0.055 Par Symbol: 31359MHK2 FHLMC 3.500% 09/15/07 1 322.22 100000 Par Value At 0.035 Par Symbol: 3134A4RH9 Page 11 STC 74 EBR2AE1-Acc-ued Earnings January 01, 2006 ~nuary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest U S Treasury Note 6.000% 08/15/09 1_,928.80 70000 Par Value At 0.06 Par Symbol: 9128275N8 Goldman Sachs Treasury Obligations Fd 167322 Par Value At 0.0392 Par Symbol: 38141 XXXX Accrued Income -Interest 509.23 14,381.47 Page 12 STC 74 EBR2AE1-Accrued Earnings January 01, 2006 T~ary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Dividends Caterpillar Inc 200.00 800 Shares At 0.25 Per Share Symbol: 149123101 Texas Instruments Inc 37.95 1265 Shares At 0.03 Per Share Symbol: 882508104 Deere 8 Co 218.40 560 Shares At 0.39 Per Share Symbol: 244199105 Apache Corp 62.00 620 Shares At 0.1 Per Share Symbol: 037411105 Seagate Technology 173.20 2165 Shares At 0.08 Per Share Symbol: G7945J104 Accrued Income -Dividends Total Accrued Income 15,073.02 691.55 Page 13 STC 74 EBR2AEi-Accrued Earnings • Account Name : Tequesta Public Safety Balance Sheet January 01, 2006 To~ary 31, 2006 As Of 01/01/2006 Cost Value Market Value • Account No :80103784 As Of 01/31/2006 Cost Value Market Value Cash And Receivables 10,044.35 10,044.35 0.00 0.00 Cash 0.00 0.00 0.00 0.00 Due From Broker 14,623.18 14,623.18 , 15,073.02 15,073.02 Accrued Income 667.53 24 24,667.b3 15,073.02 15,073.02 Total Cash And Receivables , ~: Cash 881.35 134 134,881.35 167,322.00 167,322.00 Short Term:lnvestments , 134,881.35 134,881.35 167,322.00 167,322.00 Total Cash Fixed Income 460.19 055 1 1,037,830.11 908,579.78 891,483.09 U S Government & Agencies , , 1,055,460.19 1,037,830.11 908,579.78 891,483.09 Total Fixed Income Equity 1,425,596.55 1,601,373.30 1,451,337.98 1,693,913.75 Equity 1,425,596.55 1,601,373.30 1,451,337.98 1,693,913.75 Total Equity Fixed Income 309.62 116 115,705.49 236,431.99 235,060.68 Corporate Obligations , 116,309.62 115,705.49 236,431.99 235,060.68 Total Fixed Income 2,732,247.71 2,889,790.25 2,763,671.75 2,987,779.52 Total Holdings 2,756,915.24 2,914,457.78 2,778,744.77 3,002,852.54 TOTAL ASSETS Payables 0.00 0.00 0.00 0.00 Due To Broker 0.00 0.00 0.00 0.00 Total Payables 0.00 0.00 0.00 0.00 TOTAL LIAB/CITIES 2,756,915.24 2,914,457.78 2,778,744.77 3,002,852.54 Total Net Asset Value 2,756,915.24 2,914,457.78 2,778,744.77 3,002,852.54 Total Liabilities And Equity ;Pape 1~ STC 7~ EBR2BLS-Balance Sheet January 01, 2006 T~ary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Investment Summary ~ , Beginning Ending Investment Of Period Of Period Change Cash Cash Short Term Investments Total Cash Fixed Income U S Government 8 Agencies Corporate Obligations Total Fixed Income Equity Equity Total Equity Changes In Invesment -Other Total Changes In Invesment -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 Changes /n Net Assets 10,044.35 0.00 134,881.35 167,322.00 144,925.70 167,322.00 0.00 1,037,830.11 891,483.09 -1,532.21 115,705.49 235,060.68 -779.97 1,153,535.60 1,128,543.77 -2,312.18 1,601,373.30 1,693,913.75 69,427.68 1,601,373.30 1,893,913.75 89,427.68 0.00 330,414.15 331,829.43 0.00 0.00 -1,415.28 14 , 623.18 15, 073.02 15, 073.02 14,623.18 14,623.18 15,073.02 449.84 $ 2,914,457.78 S 3,002,852.54 s 68,150.06 Page 15 STC 74 EBR2S01-Investment Summary January 01, 2006 To•ary 31, 2006 • Account No :80103784 Account Name : Tequesta Public Safety Summary of Receipts 1.1 Contributions Employer Contributions 13,102.56 Employee Contributions 8,230.30 0.00 Other Contributions Total Earnings From Investments 21,332.86 1.2 Interest 2,693.36 1.3 Dividends 2'289.16 1.4 Pooled Funds 0.00 Total Total Receipts 4,982.52 $ 26,315.38 Summary of Disbursements 2.1 Distribution Of Benefits Lump Sum Benefit Payment -2,632.09 Federal Withholding - STC -658.02 -3,290.11 Total 2.2 Other Distributions Total 2.3 Administration Expenses 0.00 Fees And Commissions ~ -750.00 -750.00 Total 2.4 Other Expenses Foreign Tax Withheld -30.57 Page 18 STC 74 E8R2SOR-Summary o/ Receipts January 01, 2006 T~arY 31, 2006 • Account No . 103784 Account Name : Tequesta Public Safety Summary of. Disbursements .30.57 Total Total Disbursements x,070.68 Page 17 STC 7 -Summary o/Receipts • Account Name : Tequesta Public Safety Contributions January 01, 2006 ~uary 31, 2006 Employer Contribution 01117/2006 Employer Contribution PPE 01107106 01/31/2006 Employer Contribution PPE 01/21/06 Total Employer Contribution Employee Contributions 01/17/2006 Employee Contributions PPE 01/07/06 01131 /2006 Employee Contributions PPE 01/21/06 Total Employee Contributions Total Cash Contributions ount N•0103784 Acc 7,012.43 6,090.13 13,102.56 a,aoz.7s 3,827.54 8,230.30 21,332.88 ~: Page 18 STC 71 EBR2COR-ConMbut7ons b Other Receipts January 01, 2006 l~uary 31, 2006 •103784 . Account No : 80 Account Name : Tequesta Public Safety Other Receipts No Data Qualifies Page 19 STC 74 E8R2COR-Contributions 8 Other Receipts • Account Name : Tequesta Public Safety Distribution Of Benefits January 01, 2006~nuary 31, 2006 Lump Sum Benefit Payment -2,632.09 01/17/2006 To : Richard Crouse Gross amount $3,290.11 Withholding $658.02 Total Lump Sum Benefit Payment Federal Withholding -STC -658.02 01/17/2006 To : Acct # 13950800 STC TEFRA (Federal Tax) WIH Account Paid For Richard Crouse Total Federal Withholding -STC Total Distribution Of Benefits t N•80103784 Accoun -2,632.09 -858.02 -3,290.11 Page 20 STC 74 EBR2DAE-Distribution 6 Expenses 1 2006 To~uary 31, 2006 • January 0 , Account No :80103784 Account Name : Tequesta Public Safety Other Disbursements No Data Qualifies Pie st STC 7~ EBR2DAE-Distribution B Expenses • Account Name : Tequesta Public Safety Administrative Expenses January 01, 2006 T~uary 31, 2006 Fees And Commissions 01/09/2006 To : Market Salem Trust Company Based On The Market Value Of :2,899,834.60 Tota Fees And Commissions Totai Administrative Expenses -750.00 • Account No :80103784 -750.00 -750.00 Pale 22 STC 74 EBR2DAE-Dlabibution 8 Expenses January 01, 2006 T~arY 31, 2006 • Account No : 0103784 Account Name : Tequesta Public Safety Other Expenses Foreign Tax Withheld 01 /31 /2006 To Canadian Pacific Railway Ltd ADR Less :25.00% Canada Tax Total Foreign Tax Withheld Total Other Expenses -30.57 -30.57 -30.57 Page 23 STC 74 EBR2DAE-Distribution 8 Expenses January 01, 2006 To~ary 31, 2006 • Account No :80103784 Account Name : Tequesta Public Safety TI'a11$1CtIOt1S Income Principal Date Description S 0.00 S 10,044.35 * * * Starting Balances 51.60 01/03/2006 Dividend Payable On 01 /0312006 McKesson HBOC Inc 860 Shares At 0.06 01/03/2006 Dividend Payable On 01103/2006 EI Paso Corp 3540 Shares At 0.04 01/03/2006 Dividend Payable On 01/03/2006 Precision Castparts Corp 960 Shares At 0.03 01 /03/2006 Interest Goldman Sachs Treasury Obligations Fd Payable On 12/31/2005 01/05/2006 Dividend Payable On 01/05/2006 Baxter International Inc 1000 Shares At 0.582 01/09/2006 Market Value Fee Based On A Market Value: 2,899,834.60 Fee Date: 01/31/2006 Frequency: Quarterly 1,159.93 Schedule :102 STC 4/3/2 BP 750.00 TOTAL DUE - Adjusted (Quarterly ) 100.00 % From Principal, 0.00 % From Income 01/13/2006 Dividend Payable On 0111312006 T Rowe Price Group Inc 141.60 28.80 514.07 582.00 -750.00 161.00 575 Shares At 0.28 Pepe 24 STC 74 LARGE FONT -Transactions (2 coq - NEWTRNH January 01, 2006 To~arY 31, 2006 • Account No 03784 Account Name : Tequesta Public Safety Transactions Income Principal 97.88 Date Description 01113/2006 Dividend Payable On 0111312006 Hcc Insurance Holdings Inc Com 1305 Shares At 0.075 01/17/2006 Dividend Payable On 01 /1612006 PG&ECorp 1050 Shares At 0.33 01117/2006 Dividend Payable On 0111612006 Chesapeake Energy Corp 1790 Shares At 0.05 0111712006 Cash Disbursement Sum Benefit Payment Lump Paid To :Richard Crouse Gross amount $3,290.11 Withholding $658.02 01/17/2006 Transfer Between Accounts -Disbursement Federal Withholding -STC Federal Tax) WIH Account STC TEFRA Paid To : Acct # 13950800 - Paid For Richard Crouse 01/17/2006 Purchased On 01/11/2006 1645 Units THQ Inc 1645 Units At $ 27.1832 Per Unit Through Lynch Jones & Ryan 01/17/2006 Purchased On 01!11/2006 1455 Units ADTRAN Inc 1455 Units At $ 31.3474 Per Unit Through Lynch Jones & Ryan 01117!2006 Purchased On 01/11/2006 985 Units Henry Schein Inc ~neo Der 1 Inif 346.50 89.50 -2,632.09 -658.02 -44,749.26 -45,639.57 -44,840.94 Page 25 985 units r~ ~ --~•~~~~ • -. _ STC 7I LARGE FONT -Transactions (2 col) - NEyyTRNH January 01, 20061~uary 31, 2006 • Account No : 0103784 Account Name : Tequesta Public Safety TY1t1SaCtlOt1S Income Principal Date Description Through Lynch Jones 8~ Ryan 14,711.72 01/17/2006. Sold On 01/13/2006 15000 Units U S Treasury Note 4.125% 05/15/15 15000 Units At $ 98.078125 Through Deutsche Bank Securities 01/17/2006 Accrued Interest Received 4.125% 05/15/15 U S Treasury Note Par Value Of 15,000.00 01/17/2006 Sold On 01/11/2006 3090 Units CenterPoint Energy Inc 3090 Units At $ 12.8806 Through Lynch Jones & Ryan 01/17/2006 Sold On 01/11/2006 780 Units Rockwell Collins Inc 780 Units At $ 45.9736 ' Through Lynch Jones & Ryan 01/17/2006 Sold On 01/11/2006 2105 Units TECO Energy Inc 2105 Units At $ 17.1266 Through Lynch Jones ~ Ryan 01/17/2006 Cash Receipt Employer Contribution PPE 01/07/06 01/17/2006 Cash Receipt Employee Contributions PPE 01/07/06 01/19/2006 Mortgage Backed - GNMA Principal On 01115!2006 • GNMA Pass Thru Pool #599190 6.000% 03/15!35 107.68 39,738.02 35,842.70 36,Od8.28 7,012.43 4,402.76 28,896.20 Page 2ti STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH January 01, 2006 T~arY 31, 2006103784 • Account N Account Name : Tequesta Public Safety Transactions Date llescr~pnon 01/19/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #599190 6.000%03115135 Payable On 0111512006 Received On 99166.78 Units Principal Balance Reduction of 28896.200000 01/19/2006 Mortgage Backed -GNMA Principal On 01/1512006 GNMA Pass Thru Pool #640896 7.000% 04/15!35 01119/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #640896 7.000% 04115135 Payable On 01/1512006 Received On 103043.41 Units Principal Balance Reduction of 84.570000 01/19/2006. Mortgage Backed -GNMA Principal On 01/15/2006 GNMA Pass Thru Pool #640208 6.500% 03/15/35 01/19/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #640208 6.500% 03/15/35 Payable On 01 /1512006 Received On 119640.96 Units Principal Balance Reduction of 14795.970000 01!19/2006 • Mortgage Backed -GNMA Principal On 01/1512006 GNMA Pass Thru Pool #641273 4.500% 04/15/35 01/19/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 01115/2006 Received On 79055.99 Units Principal Balance Reduction of 111.110000 495.83 84.57 601.09 14,795.97 648.06 111.11 296.46 Page 27 Income Principal STC 71 LARGE FONT -.Transactions (2 col) - NEyyTRNH January 01, 20061~uary 31, 2006 • Account No :80103784 Account Name : Tequesta Public Safety Transactions Income Principal Date Description 86.00 01/20/2006 Dividend Payable On 01/20/2006 Safeway Inc 1720 Shares At 0.05 01/23/2006 Purchased On 01/05/2006 29547.88 Units FNMA Pass Thru Pool #725773 5.500% 09/01/34 29547.88 Units At $ 99.511708 Per Unit Through Citigroup Global MKTS Inc/Salomon 01/23/2006 Purchase Accrued Interest FNMA Pass Thru Pool #725773 5.500% 09/01/34 To 01 /23/2006 01/23/2006 Purchased On 01/05/2006 63371.32 Units FNMA Pass Thru Pool #735897 5.500% 10/01/35 63371.32 Units At $ 99.390623 Per Unit Through Raymond James & Associates 01/2312006 Purchase Accrued Interest . FNMA Pass Thru Pool #735897 5.500% 10101/35 To 01 /23/2006 01/23/2006 .Purchased On 01/10/2006 29248.3 Units FNMA Pass Thru Pool #735897 5.500% 10/01/35 29248.3 Units At $ 99.390631 Per Unit Through Raymond James & Associates 01/23/2006 Purchase Accrued Interest FNMA Pass Thru Pool #735897 5.500% 10/01/35 To 01 /23/2006 01/23/2006 Sold On 01/06/2006 104844.99 Units GNMA Pass Thru Pool #640208. 6.500% 03/15/35 104844.99 Units At $ 104.78125 Through Chase Securities Inc -29,403.60 -99.31 -62,985.15 -213.00 -29,070.07 -98.31 109,857.90 Psge 28 STC 74 LARGE FONT • Transactions (2 col) - NEWTRNH • January 01, 2006 T ary 31, 2006 ~ 03784 Account No Account Name : Tequesta Public Safety Transactions ~ Income Principal Date Description . 416.47 01/23/2006 Accrued Interest Received NMA Pass Thru Pool #640208 6.500% 03115135 37 4 G Par Value Of 104,844.99 1,06 . 01126/2006 Mortgage Backed -Other Pass Through Principal On 01/2512006 FNMA Pass Thru Pool #735503 6.000% 04101/35 ~ 249.09 0112612006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735503 6.000% 04!01135 Payable On 0112512006 Received On 49818.89 Units Reduction of 1064.370000 263.53 Principal Balance 01/27/2006 Mortgage Backed -Other Pass Through Principal On 01!25/2006 FNMA Pass Thru Pool #835760 4.500% 09/01135 260.28 0112712006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #835760 4.500% 09101/35 Payable On 01125/2006 Received On 69408.04 Units Reduction of 263.530000 -24,534.18 Principal Balance 01130/2006 Purchased On 01/27/2006 25000 Units 250% 08/15115 4 . U S Treasury Note 25000 Units At $ 98.13672 Per Unit -485.05 Through UBS Warburg LLC 01/30/2006 Purchase Accrued Interest 4 250% 08115115 U S Treasury Note 582.00 To 01/3012006 01131/2006 .Dividend Payable On 0113112006 Apartment Invt & Mgmt Co -A 970 Shares At 0.60 Page 29 STC 7~1 LARGE FONT -Transactions (2 coQ - NEyyTRNH January 01, 2006 T~uary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Transactions Income Principal Date Description 6,090.13 01/31/2006 Cash Receipt Employer Contribution PPE 01/21/06 3,827.54 01/31/2006 Cash Receipt Employee Contributions PPE 01/21/06 122.28 01/31/2006 Dividend Payable On 01/30/2006 Canadian Pacific Railway Ltd ADR 935 Shares At 0.130776 -30.57 . 01/31/2006 Foreign Tax Withholding Foreign Tax Withheld Related To Asset :Canadian Pacific Railway Ltd ADR Less :25.00% Canada Tax Short Term Investment Summary 01/01/2006 To 01/31/2006 ' 0.00 -81,480.43 9 Purchase(s) For 0.00 49,039.78 4 Sale(s) For * * * Ending Balances * * * ; 0.00 S 0.00 Page 30 S7C 74 LARGE FONT • Transactions (2 col) • NEVt?RNH • Account Name : Tequesta Public Safety Gain (Loss) On Sale Of Assets CenterPoint Energy Inc Sold 3090 Shares At 12.88 Per Share, Less Expenses Trade Date :01111/2006 Settlement Date :01/1712006 Broker: Lynch Jones & Ryan FNMA Pass Thru Pool #735503 6.000% 04/01135 FNMA Pass Thru Pool #835760 4.500% 09/01/35 GNMA Pass Thru Pool #599190 6.000% 03/15135 GNMA Pass Thru Pool #640208 6.500% 03115135 Sold 104844.99 Par Value At 104.78 Per ,Less Expenses Trade Date : 01!06/2006 Settlement Date :01/2312006 Broker:,Chase Securities Inc GNMA Pass Thru Pool #640208 6.500%03115135 GNMA Pass Thru Pool #640896 7.000% 04/i 5/35 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Withdrawls For The Entire Period Rockwell Collins Inc Sold 780. Shares At 45.97 Per Share, Less Expenses Trade Date :0111112006 Settlement Date :01/1712006 Broker: Lynch Jones & Ryan TECO Energy Inc Sold 2105 Shares At 17.13 Per Share, Less Expenses Trade Date :0111112006 Settlement Date :0111712006 Broker: Lynch Jones & Ryan January 01, 2006 T~ary 31, 2006 AccountN~103784 Prior Period Proceeds Gain/(Loss) Ending Market Value (Aggregate Cost Basis) 39,706.50 39,738.02 31.52 1,075.48 1,064.37 -11.11 248.18 263.53 15.35 29, 591.51 28,896.20 -695.31 109,445.06 109,857.90 412.84 795.97 14 -649.17 15,445.14 , 84.57 -4.20 88.77 11 111 4.48 106.63 . 49,039.78 49,039.78 0.00 35,842.70 ~ -403.90 36,246.60 36,008.28 -155.62 36,163.90 Page 31 S7C 74 EBR2GLS-Gain(Loss) on Sale of Asset ~. January 01, 2006 T~uary 31, 2006 • • 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) U S Treasury Note 4.125% 05/15/15 14,671.88 14,711.72 39.84 Sold 15000 Par Value At 98.08 Per ,Less Expenses Trade Date :01/13/2006 Settlement Date :01/17/2006 Broker: Deutsche Bank Securities Tota! Galn (Loss) On Sales 331,829.43 330,414.15 -1,415.28 STC 74 EBR2GLS-Gain(Loss) on Sale of Asset Pape 32 • Account Name : Tequesta Public Safety List Of Assets January 01, 2006 T•uary 31, 2006 Prior Period Current Current Ending Market Value Market Unit Market Value (Aggregate Market Value) Price ~~ Account No~0103784 Unrealized Gain/(Loss) 0.00 Cash Short Term Investments Goldman Sachs Treasury Obligations Fd 167322 Par Value Total Short Term Investments Fixed Incbme U S Government & Agencies FHLB 50000 Par Value FHLB Series UD09 25000 Par Value FHLB Series X209 50000 Par Value FHLMC 100000 Par Value FHLMC 50000 Par Value FNMA 115000 Par Value FNMA . 105000 Par Value GNMA Pass Thru Pool #599190 70270.58 Par Value GNMA Pass Thru Pool #640896 102958.84 Par Value GNMA Pass Thru Pool #641273 78944.88 Par Value U S Treasury Note 45000 Par Value o.oo "~~" 167,322.00 0.00 167,322.00 1.00 167,322.00 0.00 167,322.00 4.700% ~ 10/04/2011 48,937.50 0.978125 48,906.25 -31.25 5.250% 02/13/2009 25,343.75 1.011562 25,289.06 -54.69 4.100% 03/30/2009 49,062.50 0.979688 48,984.38 -78.12 3.500% 09/15/2007 98,062.50 0.980625 98,062.50 0.00 5.750% 03/15/2009 51,468.75 1.027813 51,390.63 -78.12 , 4.250% 09/28/2007 113,885.94 0.989687 113,814.06 -71.88 5.500% 03/15/2011 108,543.75 1.030625 108,215.63 -328.12 6.000% 03115/2035 71,961.47 1.025313 72,049.36 87.89 7.000% 04/15/2035 108,068.16 1.050061 108,113.02 44.86 4.500% 04/15/2035 75,762.42 0.957556 75,594.13 -168.29 4.000% 02/15/2015 43,621.88 0.96 43,200.00 -421.88 Pace 33 S7C 74 EBR2LOA-List of Assets January 01, 2006 ~nuary 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PrICe 429 69 24 -104.49 ~~ 4 250% 08/15/2015 24,534.18 0.977188 . , U S Treasury Note . 25000 Par Value 000% 6 08/15!2009 73,762.50 1.049063 73,434.38 -328.12 U S Treasury Note . 70000 Par Value 893,015.30 891,483.09 -1,532.21 Total U S Government 8 Agencies Corporate Obligations 500% 5 09/01/2034 29,403.60 0.990217 29,258.80 -144.80 FNMA Pass Thru Pool #725773 . 29547.88 Par Value 000% 6 04/01/2035 49,263.55 1.010868 49,284.39 20.84 FNMA Pass Thru Pool #735503 . 48754.52 Par Value 500% 5 10/01/2035 92,055.22 0.989619 91,658.18 -397.04 FNMA Pass Thru Pool #735897 . 92619.62 Par Value 500% 4 09/01/2035 65,118.28 0.938025 64,859.31 -258.97 FNMA Pass Thru Pool #835760 . 69144.51 Par Value 235,840.65 235,060.68 -779.97 Total Corporate Obligations Equity Equity 45,639.57 29.33 42,675.15 -2,964.42 ADTRAN Inc 1455 Shares 37,832.30 46.95 38,264.25 431.95 AFLAC Inc 815 Shares 42,482.40 75.53 46,828.60 4,346.20 Apache Corp 620 Shares 36,733.90 42.52 41,244.40 4,510.50 Apartment Invt 8 Mgmt Co -A 970 Shares 37,650.00 36.85 36,850.00 -800.00 Baxter International Inc 1000 Shares 43,548.80 68.31 42,352.20 -1,196.60 Boeing Co 620 Shares Pape 34 STC 74 EBR2LOA-List of Assets • January 01, 2006 T~uary 31, 2006 Account No . 0103784 Account Name : Tequesta Public Safety Llst Of Assets Current Unrealized Prior Period Current Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 39.223.25 48.24 45,104.40 5,881.15 Canadian Pacific Railway Ltd ADR 935 Shares 46,216.00 67.90 54,320.00 8,104.00 Caterpillar Inc 800 Shares 56,796.70 35.04 62,721.60 5,924.90 Chesapeake Energy Corp 1790 Shares 38,141.60 71,76 40,185.60 2,044.00 Deere & Co 560 Shares 43,046.40 13.46 47,648.40 4,602.00 EI Paso Corp 3540 Shares 34,325.00 69.51 34,755.00 430.00 Entergy Corp 500 Shares 41,539.20 43.98 42,220.80 681.60 Fiserv Inc 960 Shares 53, 530.40. 15,64 48,171.20 -5,359.20 Goodyear Tire 8~ Rubber Co 3080 Shares 52,046.40 79.62 66,880.80 14,834.40 Halliburton Co 840 Shares 38,732.40 31.06 40,533.30 .1,800.90 Hcc Insurance Holdings Inc Com 1305 Shares 44,840.94 46.64 45,940.40 1,099.46 Henry Schein Inc 985 Shares 39,800.40 40.86 41,677.20 1,876.80• Indymac Bancorp Inc Com 1020 Shares 45,914.00 42.30 46,530.00 616.00 Landstar System Inc 1100 Shares 38,814.30 67.65 41,266.50 2,452.20 Lockheed Martin Corp 610 Shares 48,373.50 98.69 50,331.90 1,958.40 Loews Corp 510 Shares Page 35 STC 74 E8R2LOA-List of Assets • January 01, 2006 ~nuary 31, 2006 • 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. .McKesson HBOC Inc 44,367.40 53.00 45,580.00 1,212.60 860 Shares Murphy Oil Corp 39,952.60 57.00 42,180.00 2,227.40 740 Shares P G 8 E Corp 38,976.00 37.31 39,175.50 199.50 1050 Shares Performance Food Group Co 38,015.80 27.57 36,943.80 -1,072.00 1340 Shares Precision Castparts Corp 49,737.60 49.95 47,952.00 -1,785.60 960 Shares Protective Life Protective Life 42,019.20 44.95 43,152.00 1,132.80 960 Shares Safeway Inc 40,695.20 23.44 40,316.80 -378.40 ,. 1720 Shares Schering-Plough Corp 36,696.00 19.15 33,704.00 -2,992.00 1760 Shares Seagate Technology 43,278.35 26.08 56,463.20 13,184.85 2165 Shares Simon Property Group Inc Com 45,211.70 82.84 48,875.60 3,663.90 590 Shares Sprint Nextel Corp 36,908.80 22.89 36,166.20 -742.60 1580 Shares ' Swift Energy Co 57,689.60 49.42 63,257.60 5,568.00 1280 Shares T Rowe Price Group Inc 41,417.25 76.43 43,947.25 2,530.00 575 Shares Texas Instruments Inc 40,568.55 29.23 36,975.95 -3,592.60 1265 Shares THQ Inc 44,749.26 26.25 43,181.25 -1,568.01 1645 Shares STC 74 EBR2LOA-List of Assets Pale 3B • January 01, 2006 T~ary 31, 2006 Account No : 0103784 Account Name : Tequesta Public Safety List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 454 50 41 428.00 1 40,026.50 48.77 . , , Volvo Ab-Sponsored Adr 850 Shares 38,948.80 43.28 38,086.40 -862.40 Walgreen Co 880 Shares 1,624,486.07 1,693,913.75 69,427.88 Total Equity 2,920,664.02 2,987,779.52 67,115.50 TOTAL INVESTMENTS MARKET VALUE 15,073.02 15,073.02 TOTAL ACCRUED INCOME 2,935,737.04 3,002,852.54 67,115.50 NET ASSETS Page 37 STC 7< EBR2LOA-List of Assets • January 01, 2006 T~uary 31, 2006 • Account Name : Tequesta Public Safety Account No :80103784 Brokerage Commissions Non-Directed Directed Broker Name No. of Trades Commission Amt No. of Trades Commission Amt Lynch Jones 8~ Ryan 6 201.20 0 0.00 Tvtu! 6 201.20 0 0.00 STC 74 EBR28RC-Broker Commisslons Pspe 38 SALEM TR~ COMPANY Statement of Account February 1, 2006 Through February 28, 2006 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund . Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT MANAGER Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information • Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 February 01, 2006 To ~ary 28, 2006 , • • Account Name : Tequesta Public Safety Account No :80103784 Net Asset Summary Net Assets Beginning 02/01/2006 S 3,002,852.54 1.0 Summary Of Receipts 1.1 Cash Contributions 20,822.76 1.2 - 1.4 Earnings from Investments 7,801.18 1.5 Miscellaneous Deposits 173.20 Total Receipts 28,797.14 2.0 Summary Of Disbursements 2.1 Distribution Of Benefits 0'00 2.2 Other Distributions 0.00 2.3 Administration Expenses 0,00 2.4 Other Expenses -7,143.34 Total Disbursements -7,143.34 3.0 Changes In Net Assets 3.1 Unrealized Gain (Loss) -34,925.68 3.2 - 3.3 Changes In Investments 0.00 i 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 191,501.28 • Less: Aggregate Carry Value (Market Value) 190,310.48 Total Gain/Loss 1,190.80 3.5 Accrued Income -Interest 12,973.61 3.6 Accrued Income -Dividend 1,968.50 Total Accrued Income 14,942.11 Less: Prior Accrued Income 15.073.02 Total Changes In Net Assets -33,885.79 Net Assets Ending 02/28/2006 S 2,990,640.55 STC 74 EBR2NAS-Net Asset Summary Page 2 February 01, 2006 To ~ary 28, 2006 • Account Name : Tequesta Public Safety Account No :80103784 Changes. In Investments Investments Acquired Market Basis Goldman Sachs Treasury Obligations Fd 84,425.32 The Amount Shown Is The Net Of Deposits For The Entire Period Cisco Systems 5.500% 02/22/16 ' Purchasedi 5000 Par Value At 99.543 Trade Date : 02!14/2006 Settlement Date :02/22/2006 Broker: J.P. Morgan Securities Cisco Systems 5.500% OZ/22116 Purchased 6000 Par Value At 100.632 Trade Date : 02/23!2006 Settlement Date :02/28/2006 Broker: Lehman Brothers Fair Isaac Corp Purchased 990 Shares At 44.3428 Per Share Trade Date :02/03/2006 Settlement Date :02108/2006 Broker: Lynch Jones & Ryan Sunrise Senior Living Inc W/I Purchased 1300 Shares At 34.4423 Per Share Trade Date :02/1'4/2006 Settlement Date :02/17/2006 Broker: Lynch Jones t£ Ryan U S Treasury Note 4.125% 05/15/15 Purchased 30000 Par Value At 96.648433 Trade Oate : 02!09/2006 Settlement Date :02/14/2006 Broker: Salomon Brothers, Inc. Tota! Investments Acquired 4,977.15 6,037.92 43,919.17 44,800.99 28,994.53 213,155.08 STC 74 EBR2CIA-Changes in Investments Page 3 • February 01, 2006 To f,ary 28, 2006 • r. Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Market Basis No Stock Dividends /Splits And Other Changes Qualify STC 74 EBR2CIA-Changes In /nvesUnents Peye 4 February 01, 2006 To ~ary 28, 2006 • Account No : 8 103784 Account Name : Tequesta Public Safety Earnings From Investments Interest U S Treasury Note 6.000% 08/15/09 02/15/2006 Rate 3 Payable 02/15/2006 On 70000.00 Par Symbo1:9128275N8 U S Treasury Note 4.000% 02/15/15 02/15/2006 Rate 2 Payable 02/15/2006 On 45000.00 Par Symbol: 912828DM9 U S Treasury Note 4.125% 05/15/15 02/14/2006 Accrued Interest On Purchase Symboi: 912828DV9 FHLB Series UD09 5.250% 02/13/09 02/15/2006 Rate 2.625 Payable 02/15/2006 On 25000.00 Par Symbol: 3133MLT88 GNMA Pass Thru Pool #599190 6.000% 03/15/35 02/16/2006 Rate 0.5 Payable 02/15/2006 On 70270.58 Par Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000% 04/15/35 02/17/2006 Rate 0.58333333 Payable 02/15/2006 On 102958.84 Par Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 02/17/2006 Rate 0.375 Payable 02/15/2006 On 78944.88 Par Symbol: 36291 XMW6 2,100.00 2,100.00 i 900.00 900.00 -311.oa •311.08 656.25 656.25 351.35 351.35 600.59 600.59 296.04 Page 5 STC 74 EBR2EF1-Earnings from Investments L, • ' Account Name.: Tequesta Public Safety February 01, 2006 To ~ary 28, 2006 • Account No :80103784 Earnings From Investments Interest 298.04 Goldman Sachs Treasury Obligations Fd 02/01/2006 509.23 Symbol: 38141 XXXX 509.23 U S Treasury Note 4.250% 08/15/15 02/15/2006 Rate 2.125 Payable 02/15/2006 On 25000.00 Par 531.25 Symbo1:912828EE6 02/23/2006 Accrued Interest On.Sale 23.48 Symbol: 912828EE6 554.73 FNMA Pass Thru Pool #735503 6.000% 04/01/35 02/27/2006 Rate 0.5 Payable 02/25/2006 On 48754.52, Par 243.77 Symbol: 31402RDG 1 243.77 FNMA Pass Thru Pool #835760 4.500% 09/01/35 02/28/2006 Rate 0.375 Payable 02/25/2006 On 69144.51 Par 259.29 Symbol: 31407NOM8 FNMA Pass Thru Pool #735897 5.500% 10/01/35 02/28/2006 Rate 0.45833333 Payable 02/25/2006 On 92619.62 Par 424.51 Symbol: 31402RRS0 Cisco Systems 5.500% 02/22/16 02/28/2006 Accrued Interest On Purchase -5.50 Symbol: 17275RAC6 259.29 424.51 -5.5Q Totallnterest 8,579.18 STC 74 EBR2EF1-Earnings from Investments Pays 8 • February 01, 2006 To ~ary 28, 2006 Account Name : Tequesta Public Safety :• 3784 Account No Page 7 • Account Name : Tequesta Public Safety February 01, 2006 To ~ary 28, 2006 • Account No :80103784 Earnings From Investments Dividends Adtran lnc • 02/21/2006 1455 Shares At 0.09 Per Share Symbol: 00738A106 Apache Corp 02/22/2006 620 Shares At 0.1 Per Share Symbol: 037411105 Caterpillar Inc 02/21/2006 800 Shares At 0.25 Per Share , Symbol: 149123101 Deere & Co 02/01/2006 560 Shares At 0.39 Per Share Symbol: 244199105 130.95 130.95 62.00 k. 62.00 200.00 200.00 218.40 218.40 Landstar System Inc 02/28/2006 1100 Shares At 0.025 Per Share 27.50 Symbol: 515098101 27.50 Schering-Plough Corp 02/28/2006 1760 Shares At 0.055 Per Share 96.80 Symbol: 806605101 96.80 Simon Property Group Inc Com 02/2812006 590 Shares At 0.76 Per Share 448.40 Symbol: 828806109 448.40 STC 74 EBR2EFl-Earnings from Investments Page 8 February 01, 2006 To~ary 28, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Dividends Texas Instruments Inc 02/13/2006 1265 Shares At 0.03 Per Share Symbol: 882508104 Total Dividend 37.95 37.95 1,222.00 S7C 74 EBR2EFl-Earnings /rom Investments Page 9 :February 01, 2006 To Fury 28, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments Pooled Funds Tonal Earnings Paid 7,801.18 ~~ No Data Qualifies Pape 10 STC 74 EBR2EF1-Eaminps from Investments February 01, 2006 To ~ary 28, 2006 • Account No : 8 103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest Cisco Systems 5.500% 02/22/16 15.13 11000 Par Value At 0.055 Par Symbol: 17275RAC6 FNMA 4.250% 09/28/07 2,077.19 115000 Par Value At 0.0425 Par Symbol: 31359MZD8 FHLMC 5.750% 03/15/09 1,325.69 50000 Par Value At 0.0575 Par Symbol: 3134A3EM4 GNMA Pass Thru Pool #599190 6.000% 03115/35 351.01 70201.96 Par Value At 0.06 Par Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000% 04!15/35 600.10 102874.27 Par Value At 0.07 Par Symbol: 36291 W7H8 GNMA Pass Thru .Pool #641273 4.500% 04/15/35 295.64 78838.01 Par Value At 0.045 Par Symbol: 36291 XMW6 U S Treasury Note 4.000% 02/15/15 64.64 45000 Par Value At 0.04 Par Symbol: 912828DM9 U S Treasury Note 4.125% 05/15/15 358.94 30000 Par Vaiue At 0.04125 Par Symbol: 912828DV9 STC 74 EBR2AE1-Accrued Earnings Page 11 ,February 01, 2006 To ry 28, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest FHLB 4.700%. 10/04/11 959.58 50000 Par Value At 0.047 Par . Symbo1:3133X8RQ7 FHLB Series UD09 5.250% 02/13/09 ' 58.33 25000 Par Value At 0.0525 Par . Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30/09 859.86 50000 Par Value At 0.041 Par Symbol: 3133X15Y9 FHLMC 3.500% 09/15/07 1,613.89 100000 Par Value At 0.035 Par Symbol: 3134A4RH9 FNMA 5.500% 03/15/11 ' 105000 Par Value At 0.055 Par 2,662.92 Symbol: 31359MHK2 U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par 150.83 Symbol: 9128275N8 FNMA Pass Thru Pool #735503 6.000% 04/01/35 47929.12 Par Value At 0.06 Par 239.65 Symbol: 31402RDG1 FNMA Pass Thru Pool #735897 5.500% 10/01/35 92028.51 Par Value At 0.055 Par 421.80 Symbol: 31402RRS0 ~{~aye 12 STC 74 EBR2AE1-Accrued Eamings February 01, 2006 To~ary 28, 2006' • • Account Name : Tequesta Public Safety Account No :80103784 Earnings. From Investments Accrued Income -Interest Goldman Sachs Treasury Obligations Fd 162691.83 Par Value At 0.0408 Par 524.50 Symbol: 38141 XXXX FNMA Pass Thru Pool #725773 5.500% 09/01/34 29547.88 Par Value At 0.055 Par 135.43 Symbol: 31402DJS0 FNMA Pass Thru Pool #835760 4.500% 09/01/35 68927.17 Par Value At 0.045 Par 258.48 Symbol: 31407NQM8 Accrued Income -Interest 12,973.61 STC 74 EBR2AE1-Accrued Eamings rage io February 01, 2006 To ry 28, 2006 • • • Account No :80103784 Account Name : Tequesta Public Safety ~: Earnings From Investments Accrued Income -Dividends Walgreen Co 57.20 880 Shares At 0.065 Per Share Symbol: 931422109 Entergy Corp 270.00 500 Shares At 0.54 Per Share Sold 02/08/2006 Symbol: 293646103 Protective Life Protective Life 960 Shares At 0.195 Per Share 187.20 Symbol: 743674103 Indymac Bancorp Inc Com 448.80 1020 Shares At 0.44 Per Share Symbol: 456607100 Halliburton Co 840 Shares At 0.15 Per Share 126.00 Symbol: 406216101 Lockheed Martin Corp 610 Shares At 0.3 Per Share 183.00 Symbol: 539830109 McKesson HBOC Inc 51.60 860 Shares At 0.06 Per Share Symbol: 581550103 Fair Isaac Corp 19.80 990 Shares At 0.02 Per Share Symbol: 303250 04 E: Page 14 STC 74 EBR2AE1-Accrued Earnings February 01, 2006 To ary 28, 2006 • • ~ Account No : 8A103784 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Dividends Murphy Oil Corp 83.25 740 Shares At 0.1125 Per Share Symbol: 626717102 Boeing Co 186.00 620 Shares At 0.3 Per Share Symbol: 097023105 AFLAC Inc 105.95 815 Shares At 0.13 Per Share Symbol: 001055102 t_oews Corp 76.50 510 Shares At 0.15 Per Share Symbol: 540424108 Seagate Technology 2165 Shares At 0.08 Per Share 173.20 Symbol: G7945J104 Accrued Income -Dividends • Total Accrued Income 14,942.11 1,968.50 Page 15 STC 74 EBR2AE1-Accrued Earnings • Account Name : Tequesta Public Safety Balance Sheet Cash And Receivables Cash Due From Broker Accrued Income Total Cash And Receivables Cash Short Term Investments Total Cash Fixed Income U S Government & Agencies Total Fixed Income Equity ' Equity Total Equity Fixed Income Corporate Obligations Total Fixed Income Total Holdings TOTAL ASSETS Payables Due To Broker Total Payables TOTAL LIABILITIES Total Net Asset Value Total Liabilities And Equity February 01, 2006 To ~ary 28, 2006 As Of 02/01/2006 Cost Value Market Value 0.00 0.00 . • 0.00 0.00 15,073.02 15,073.02 15,073.02 15,073.02 167,322.00 167,322.00 167, 3 22.00 167, 3 22.00 908,579.78 891,483.09 908,579.78 891,483.09 1,451,337.98 1,693,913.75 1,451,337.98 1,693,913.75 236,431.99 235,060.68 236,431.99 235,060.68 2,763,671.75 2,987,779.52 2,778,744.77 3,002,852.54 0.00 0.00 0.00 0.00 0.00 0.00 2,778,744.77 3,002,852.54 2,778,744.77 3,002,852.54 • Account No :80103784 As of o2ns/2oo6 Cost Value Market Value 0.00 0.00 0.00 0.00 14,942.11 14,942.11 14,942.11 14,942.11 162,691.83 162,691.83 162,691.83 162,691.83 912,773.43 892,846.02 912,773.43 892,846.02 1,467,581.34 .1,675,237.40 1,467,b81.34 1,675,237.40 245,810.93 244,923.19 245,810.93 244,923.19 2,788,857.53 2,975,698.44 2,803,799.64 2,990,640.55 0.00 0.00 0.00 0.00 0.00 0.00 2,803,799.64 2,990,640.55 ;: 2,803,799.64 2,990,640:55 4 STC 74 EBR26LS-Balance Sheet Page 16 February 01, 2006 To ~ary 28, 2006 , Account No 03784 • Account Name : Tequesta Public Safety Investment Summary Be innin Ending Investment g g Of Period Of Period Change Cash 0 00 0.00 ~ `~ Cash Short Term Investments ' Total Cash Fixed Income U S Government & Agencies Corporate Obligations Total Fixed Income Equity Equity Total Equity Changes In Invesment -Other Total Changes In Invesment -Other Realized Gain/Loss On Sates 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 In Net Assets 167,322.00 162,691.83 167,322.00 162,691.83 0.00 891,483.09 892,848.02 -2,940.42 235,060.68 244,923.19 470.65 1,126,543.77 1,137,789.21 -2,469.77 1,693,913.75 1,675,237.40 -32,455.91 1,693,913.75 .1,675,237.40 -32,455:91 0.00 191,501.28 190,310.48 1,190.80 0.00 0.00 15, 073.02 14,942.11 14,942.11 15,073.02 15,073.02 14,942.11 ~ -130.91 S 3,002,852.54 S 2,990,640.55 S -33,865.79 } Paae 17 S7C 74 EBR2S01-Investment Summary . February 01, 2006 To ~ary 28, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions 12,790.51 Employee Contributions 8,032.25 Other Contributions 0.00 Total 20,822.76 Earnings From Investments 1.2 Interest 6,579.18 1.3 Dividends 1,222.00 1.4 Pooled Funds 0.00 Total 7,801.18 1.5 Other Receipts Total Receipts Summary of Disbursements 173.20 S 28,797.14 2.1 Distribution Of Benefits Total ~ 0.00 2.2 Other Distributions Total 0.00 2.3 Administration Expenses Fees And Commissions Total 0.00 2.4 Other Expenses ' Miscellaneous Expense -7,143.34 Total -7,143.34 STC 7d E8R2SOR-Summary o/Receipts Page 78 1 February 01, 2006 T uary 28, 2006 • • ~ Account No :80103784 Account Name : Tequesta Public Safety Summary of Disbursements -7,143.34 Total Disbursements Page 19 STC 74 EBR25OR-Summary of Receipts February 01, 2006 To ary 28, 2006 • • ~ Account No :80103784 Account Name : Tequesta Public Safety Contributions Employer Contribution 02/10/2006 Employer Contribution PPE 02/04/06 02/24/2006 Employer Contribution PPE 02/18/06 Total Employer Contribulion Employee Contributions 02/10/2006 Employee Contributions PPE 02/04/06 02/24/2006 Employee Contributions PPE 02118/06 Total Employee Contributions Total Cash Contributions 5,607.42 7,183.09 12,790.51 3,531.93 4,500.32 8,032.25 20,822.76 Page 20 STC 7< EBR2COR-Contributions 8 Other Receipts February 01, 2006 Toiuary 28, 2006 • Account Name : Tequesta Public Safety Other Receipts Seagate Technology 02/21/2006 On 2,165 shares Seagate Tech Hldgs at 0.08 per share 02/17/06 Total Seagate Technology Tota! 173.20 173.20 173.20 • Account No :80103784 Page 21 STC 74 EBR2COR-Contributions B Other Receipts February 01, 2006 To ary 28, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Distribution Of Benefits No Data Qualifies Page 22 STC 74 E8R2DAE-Dishibution 6 Expenses • Account Name : Tequesta Public Safety Other Disbursements February 01, 2006 T~uary 28, 2006 No Data Qualifies C Account No :80103784 Page 23 STC 74 EBR2DAE-Distribution 8 Expenses • Account Name : Tequesta Public Safety Administrative Expenses February 01, 2006 To ~ary 28, 2006 No Data Qualifies • Account No :80103784 Page 24 STC 74 EBR2DAE-Distribution 8 Expenses • February 01, 2006 To~ary 28, 2006 Account Name : Tequesta Public Safety ~ Account No :80103784 Other Expenses Miscellaneous Expense 02/28/2006 To : Hanson, Perry & Jensen, P.A: Legal services through 01/15/06 02/28/2006 To : Bogdahn Consulting, LLC Quarterly fee 10/01105-12/31/05 02/28/2006 To : Business Services Connection, Inc Minutes of 11/08/05 02/28/2006 To : Rockwood Capital Advisors ' • Management fee 10/01/05-12/31/05 02/28/2006 To : General Employees Pension Trust Fund Half FPPTA membership dues for 2006 Total Miscellaneous Expense Total Other Expenses -703.07 -2,000.00 -322.20 -3,893.07 -225.00 -7,143.34 -7,143.34 STC 74 EBR2DAE-Distribution 8 Expenses Page 25 ti • February 01, 2006 To Fry 28, 2006 Account No : 80 03784 Account Name : Tequesta Public Safety Transactions Income Principal Date Description * * * Starting Balances * * * $ 0.00 $ 0.00 218.40 02/01/2006 Dividend Payable On 02/01/2006 Deere & Co 560 Shares At 0.39 ' 509.23 02/01/2006 Interest Goldman Sachs Treasury Obligations Fd Payable On 01/31/2006 -43,919.17 02/08/2006 Purchased On 02/03/2006 990 Units ' Fair Isaac Corp 990 Units At $ 44.3428 Per Unit Through Lynch Jones & Ryan 34,557.13 02/08/2006 .Sold On 02/03/2006 500 Units Entergy Corp 500 Units At $ 69.1364. , Through Lynch Jones & Ryan ~ ' 41,662.72 02/08/2006 Sold On 02/03/2006 560 Units Deere & Co 560 Units At $ 74.42 Through Lynch Jones & Ryan 5,607.42 02/10/2006 Cash Receipt . Employer Contribution PPE 02/04/06 3, 531.93 02/10/2006 Cash Receipt Employee Contributions ' PPE 02/04/06 37.95 02/13/2006 Dividend Payable On 02/1312006 Texas Instruments Inc ' 1265 Shares At 0.03 1 Page 2B STC 74 LARGE FONT-Transactions (2 coq - NEWTRNH February 01, 2006 To•uary 28, 2006 • Account No :50103784 Account Name : Tequesta Public Safety Transactions Date Description Income Principal 28 994 53 02/14/2006 Purchased On 02/09/2006 30000 Units U S Treasury Note 4.125% 05/15/15 30000 Units At $ 96.648433 Per Unit Through Salomon Brothers, Inc. -311.08 02!14/2006 Purchase Accrued Interest ' U S Treasury Note 4.125% 05/15/15 .: To 02!14/2006 2,100.00 02/i 5/2006 Interest U S' Treasury Note 6.000% 08/15/09 Payable On 02/15/2006 Received On 70000 Units 900.00 02/15/2006 Interest U S Treasury Note 4.000% 02/15/15 Payable On 02/15/2006 Received On 45000 Units 656.25 02/15/2006 Interest FHLB Series UD09 5.250% 02/13/09 Payable On 02/15/2006 • Received On 25000 Units 531.25 02/15/2006 Interest U S Treasury Note 4.250% 08/15/15 Payable On 02/15/2006 Received On 25000 Units 68.62 02/16/2006 Mortgage Backed -GNMA Principal On 02/15/2006 GNMA Pass Thru Pool #599190 6.000% 03/15/35 351.35 02/16/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 02/15/2006 Received On 70270.58 Units Principal Balance Reduction of 68.620000 `. Page 27 STC 74,LARGE FONT -Transactions (2 col) - NEWTRNH Februa 01, 2006 To ary 28, 2006 • • ry Account No :80103784 Account Name : Tequesta Public Safety Transactions Income Principal Date Description -44,800.99 02/17/2006 Purchased On 02/14/2006 1300 Units Sunrise Senior Living Inc W/l 1300 Units At $34.4423 Per Unit Through Lynch Jones & Ryan 02/17/2006 Mortgage Backed -GNMA Principal On 02/15/2006 GNMA Pass Thru Pool #640896 7.000% 04/15/35 02/17/2006. Mortgage Backed -GNMA Interest ' GNMA Pass Thru Pool #640896 7.000% 04/15135 Payable On 02/15/2006 Received On 102958.84 Units Principal Balance Reduction of 84.570000 02/17/2006 Mortgage Backed -GNMA Principal On 02/15/2006 GNMA Pass Thru Pool #641273 4.500% 04/15/35 02/17/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 02/15/2006 Received On 78944.88 Units Principal Balance Reduction of 106.870000 02/21/2006 Dividend Payable On 02/18/2006 Caterpillar Inc 800 Shares At 0.25 02/21/2006 Dividend Payable On 02/17/2006 Adtran Inc 1455 Shares At 0.09 02/2112006 Return of Capital Seagate Technology On 2,165 shares Seagate Tech Hldgs at 0.08 per share 02/17/06 84.57 600.59 ~: 106.87 296.04 200.00 130.95 173.20 Pape 28 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH February 01, 2006 T~uary 28, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Transactions Income Principal Date Description 62.00 02/22/2006 Dividend Payable On 02/2212006 Apache Corp 620 Shares At 0.10 02/22/2006 Purchased On 02/14/2006 5000 Units Cisco Systems 5.500% 02/22/16 5000 Units At $ 99.543 Per Unit Through J.P. Morgan Securities 02/23/2006 Sold On 02/17/2006 25000 Units U S Treasury Note 4.250% 08/15/15 25000 Units At $ 97.32812 .Through Salomon Brothers, Inc. 02/23/2006 Accrued Interest Received U S Treasury Note 4.250% 08/15/15. Par Value Of 25,000,00 02/24/2006 Cash Receipt Employer Contribution PPE 02/18/06 02/24/2006 Cash Receipt Employee Contributions PPE 02/18/06 02/27/2006 Mortgage Backed -Other Pass Through Principal On 02/25/2006 FNMA Pass Thru Pool #735503 6.000% 04/01/35 02/27/2006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735503 6.000% 04/01/35 Payable On 02/25/2006 Received On 48754.52 Units Principal Balance Reduction of 825.400000 -4,977.15 24,332.03 23.48 7,183.09 4,500.32 825.40 243.77 Pipe 29 STC 7I LARGE FONT -Transactions (2 co!) - NEWTRNH Februa 01, 2006 To ary 28, 2006 • rY • Account Name : Tequesta Public Safety Account No :80103784 Transactions . Date Description Income Principal 02/28/2006 Dividend 96.80 Payable On 02/28/2006 Schering-Plough Corp 1760 Shares At 0.055 02/28/2006 Dividend 27.50 Payable On 02/28/2006 Landstar System Inc 1100 Shares At 0.025 02/28/2006 Dividend ;'.448.40 Payable On 02/28/2006 Simon Property Group Inc Com ~ ' 590 Shares At 0.76 02/28/2006 Mortgage Backed -Other Pass Through Principal 217.34 On 02/25/2006 FNMA Pass Thru Pool #835760 4.500% 09/01/35 02/28/2006 Mortgage Backed -Other Pass Through Interest 259.29 FNMA Pass Thru Pool #835760 4.500% 09/01/35 Payable On 02/25/2006 Received On 69144.51 Units Principal Balance Reduction of 217.340000 02/28/2006 Cash Disbursement -703.07 Miscellaneous Expense Paid To :Hanson, Perry & Jensen, P.A. Legal services through 01/15/06 02/28/2006 Cash Disbursement -2,000.00 Miscellaneous Expense Paid To : Bogdahn Consulting, LLC Quarterly fee 10/01/05-12/31/05 02/28/2006 Cash Disbursement ~ -322.20 Miscellaneous Expense Paid To :Business Services Connection, Inc - STC 74 LARGE FONT -Transactions (2 coq • NEYYTRNH PaOe 30 • Account Name : Tequesta Public Safety February 01, 2006 To•uary 28, 2006 • Account No :80103784 Transactions Date Description Income Principal Minutes of 11/08/05 02/28/2006 Cash Disbursement Miscellaneous Expense Paid To :Rockwood Capital Advisors Management fee 10/01/05-12/31/05 02/28/2006 Cash Disbursement Miscellaneous Expense Paid To :General Employees Pension Trust Fund Half FPPTA membership dues for 2006 C2/28/2006 Mortgage Backed -Other Pass Through Principal On 02/2512006 FNMA Pass Thru Pool #735897 5.500% 10/01/35 02!28/2006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735897 5.500% 10/01/35 . ~ Payable On 02/25/2006 Received On 92619.62 Units Principal Balance Reduction of 591.110000 . 02/28/2006 Purchased On 02/23/2006 6000 Units Cisco Systems 5.500% 02/22/16 6000 Units At $ 100.632 Per Unit Through Lehman Brothers 02/28/2006 Purchase Accrued Interest Cisco Systems 5.500% 02/22/16 To 02/28/2006 8 Purchase(s) For 4 Sale(s) For Short Term Investment Summary 02/01/2006 To OZ/28/2006 -3,893.07 -225.00 591.11 ~: 424.51 -6,037.92 -5.50 0.00 -84,425.32 0.00 89,055.49 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 31 • February 01, 2006 To ~ary 28, 2006 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Income Principal Date Description * * * Ending Balances * * * S 0.00 S 0.00 C is Paps 32 STC 71 LARGE FONT -Transactions (2 col) - NEWTRNH ' February 01, 2006 To ~ary 28, 2006 ~ • • 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) 40,185.60 41,662.72 1,477.12 Deere 8 Co Sold 560 Shares At 74.42 Per Share, Less Expenses Trade Date :02/03/2006 Settlement Date :02/08/2006 Broker: Lynch Jones 8~ Ryan 34,755.00 34,557.13 -197.87 Entergy Corp Sold 500 Shares At 69.14 Per Share, Less Expenses Trade Date: 02/03/2006 Settlement Date :02/08/2006 Broker: Lynch Jones 8 Ryan FNMA Pass Thru Pool #735503 6.000% 04!01/35 834.37 825,40 -8.97 FNMA Pass Thru Pool #735897 5.500% 10/01/35 584.97 591.11 6.14 FNMA Pass Thru Pool #835760 4.500% 09/01/35 203.87 .217.34 13.47 GNMA Pass Thru Pool #599190 6.000% 03/15/35 70.36 68.62 -1.74 GNMA Pass Thru Pool #640896 7.000% 04/15/35 ~ 88.80 84'57 -4.23 GNMA Pass Thru Pool #641273 4.500% 04/15/35 102.33 106.87 4.54 Goldman Sachs Treasury Obligations Fd 89,055.49 89,055.49 ~ 0.00 The Amount Shown Is The Net Of Withdrawls For The Entire Period U S Treasury Note 4.250% 08/15/15 24,429.69 24,332.03 . -97.66 Sold 25000 Par Value At 97.33 Per ,Less Expenses Trade Date :02/17/2006 Settlement Date :02/23/2006 Broker: Salomon Brothers, Inc. Total Gain (Loss) On Sales 190,310.48 191,501.28 1,190.80 STC 74 EBR2GLS-Gain(Loss) on Sale of Asset Ppt ~ • Account Name.: Tequesta Public Safety February 01, 2006 To Fury 28, 2006 • ' Account No :80103784. List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 0 00 ~ 0.00 0.00 Cash . Short Term Investments Goldman Sachs Treasury Obligations Fd 162,691.83 1.00 162,691.83 0.00 162691.83 Par Value Total Short Term Investments 162,691.83 162,691.83 0.00 Fixed Income U S Government & Agencies FHLB 4.700% 10/04/2011 48,906.25 0.975938 48,796.88 -109.37 50000 Par Value FHLB Series UD09 5.250% 02/13/2009 25,289.06 1.0075 25,187.50 -101.56 25000 Par Value . FHLB Series X209 4.100% 03/30/2009 48,984.38 0.976563 48,828.13 -156.25 50000 Par Value FHLMC 3.500% 09/15/2007 98,062.50 0.98 98,000.00 -62.50 100000 Par Value FHLMC 5.750% 03/15/2009 51,390.63 1.023125 51,156.25 -234.38 50000 Par Value FNMA 4.250% 09/28/2007 113,814.06 0.98875 113,706.25 -107.81 115000 Par Value ~ FNMA 5.500% 03/15/2011 108,215.63 1.023438 107,460.94 -754.69 105000 Par Value GNMA Pass Thru Pool #599190 6.000% 03/15/2035 71,979.00 1.020328 71,629.00 -350.00 70201.96 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15/2035 108,024.22 1.044766 107,479.52 -544.70 102874.27 Par Value GNMA Pass Thru Pool #641273 4.500% 04/15/2035 75,491.80 0.958928 75,599.98 108.18 78838.01 Par Value U S Treasury Note 4.000% 02/15/2015 43,200.00 0.956562 43,045.31 -154.69 45000 Par Value STC 74 EBR2LOA-List of Assets Pape 34 February 01, 2006 To ~ary 28, 2006 m• uesta Public Safety Account No : 103784 Account Na q List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price U S Treasury Note 4.125% 05/15/2015 28,994.53 0.965313 28,959.38 -35.15 30000 Par Value 000% 6 08/15/2009 73,434.38 1.042813 72,996.88 -437.50 U. S Treasury Note . 70000 Par Value 786.44 895 892,846.02 -2,940.42 Total U S Government 8 Agencies , Corporate Obligations 500% 5 02/22/2016 11,015.07 1.006844 11,075.28 60.21 Cisco Systems . 11000 Par Value FNMA Pass Thru Pool #725773 5.500% 09/0112034 29,258.80 0.992071 29,313.59 54.79 29547.88 Par Value FNMA Pass Thru Pool #735503 6.000% 04/01/2035 48,450.02 1.010234 48,419.62 -30.40 47929.12 Par Value FNMA Pass Thru Pool #735897 5.500% 10/01/2035 91,073.21 0.991075 91,207.20 133.99 92028.51 Par Value FNMA Pass Thru Pool #835760 4.500% 09/01/2035 64,655.44 0.941682 64,907.50 252.06 68927.17 Par Value 244,452.54 244,823.19 470.85 ~. Total Corporate Obligations Equity Equity 42,675.15 27.52 40,041.60 -2,633.55 Adtran Inc 1455 Shares 38,264.25 46.25 37,693.75 -570.50 AFLAC Inc 815 Shares 828.60 46 66.92 41,490.40 -5,338.20 Apache Corp , . 620 Shares 244.40 41 44.31 42,980.70. .1,736.30 Apartment Invt & Mgmt Co -A , 970 Shares , 850.00 36 37.85 37,850.00 1,000.00 Baxter International Inc , 1000 Shares Page 35 STC 74 EBR2LOA-List o/Assets February 01, 2006 To Fry 28, 2006 • • Account No :,80103784 ~. Account Name : Tequesta Public Safety List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 42,352.20 72.69 45,067.80 2,715.60 Boeing Co 620 Shares 45,104.40 51.19 47,862.65 ~ 2,758.25 Canadian Pacific Railway Ltd ADR 935 Shares 54,320.00 73.08 58,464.00 4,144.00 , Caterpillar Inc 800 Shares 62,721.60 29.69 53,145.10 -9,576.50 Chesapeake Energy Corp 1790 Shares 47,648.40 13.08 46,303.20 -1,345.20 EI Paso Corp 3540 Shares 43,919.17 42.62 42,193.80 -1,725.37 Fair Isaac Corp 990 Shares 42,220.80 41.50 39,840.00 -2,380.80 • Fiserv Inc 960 Shares 48171 20 14.33 44,136.40 -4,034.80 Goodyear Tire & Rubber Co 3080 Shares 66,880.80 68.00 57,120.00 -9,760.80 Halliburton Co 840 Shares 40,533.30 32.19 42,007.95 1,474.65 Hcc Insurance Holdings Inc Com 1305 Shares 45,940.40 46.65 45,950.25 9.85 Henry Schein Inc 985 Shares 41,677.20 38.82 39,596.40 -2,080.80 Indymac Bancorp Inc Com 1020 Shares 46, 530.00 46.59 51,249.00 4,719.00 ,. Landstar System Inc ' 1100 Shares 41,266.50 72.87 44,450.70 3,184.20 Lockheed. Martin Corp 610 Shares 50,331.90 92.26 47,052.60 -3,279.30 Loews Corp 510 Sfiares Pape 38 STC 71 EBR2LOA-List o/Assets . February 01, 2006 To~ary 28, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety List Of Assets ~` Prior Period Current Current Unrealized • Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 80 46 551 971 80 580.00 ~ 45 54.13 , . . McKesson HBOC Inc , 860 Shares 42,180.00 46.87 34,683.80 -7,496.20 Murphy Oil Corp 740 Shares 39,175.50 38.05 39,952.50 777.00 P G & E Corp 1050 Shares 943.80 36 29.37 39,355.80. 2,412.00 Performance Food Group Co , 1340 Shares 47,952.00 53.04 50,918.40 2,966.40 Precision Castparts Corp 960 Shares 152.00 43 48.75 46,800.00 3,648.00 Protective Life Protective Life , 960 Shares 40,316.80 24.31 41,813.20 1,496.40 Safeway Inc 1720 Shares 704.00 33 18.50 32,560.00 -1,144.00 Schering-Plough Corp , 1760 Shares 56,463.20 26.57 57,524.05 1,060.85 Seagate Technology 2165 Shares 875.60 48 82.97 48,952.30 76.70 Simon Property Group Inc Com , 590 Shares 36,166.20 24.03 37,967.40 1,801.20 . Sprint Nextel Corp 1580. Shares 800.99 44 35.46 46,098.00 1,297.01 Sunrise Senior Living Inc W/l , 1300 Shares , 63,257.60 38.76 49,612.80 -13,644.80 Swift Energy Co 1280 Shares 947.25 43 76.78 44,148.50 201.25 T Rowe Price Group Inc , 575 Shares 36,975.95 29.85. 37,760.25 784.30 Texas Instruments Inc 1265 Shares Page 37 STC 74 EBR2LOA-List of Assets ' • February 01, 2006 To i~ary 28, 2006 • 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 181.25 43 24:00 39,480.00 -3,701.25 THQ Inc , 1645 Shares 454.50 41 43.63 ~ 37,085.50 -4,369.00 Volvo Ab-Sponsored Adr , 850 Shares 086.40 38 44.86 39,476.80 1,390.40 Walgreen Co , 880 Shares 1,707,693.31 1,675,237.40 -32,455.91 Total Equity .TOTAL INVESTMENTS MARKET VALUE 3,010,624.12 2,975,698.44, -34,925.68 TOTAL ACCRUED INCOME 14,942.11 14,942.11 3,025,566.23 2,990,640.55 -34,925.68 NET ASSETS r. STC 74 EBR2LOA-List o/Assets Page 38 4. February 01, 2006 T uary 28, 2006 • Account No :80103784 Account Name : Tequesta Public Safety Brokerage Commissions Directed Non-Directed No. of Trades Commission Amt No. of Trades Commission Amt Broker Name 67.00 0 0.00 4 Lynch Jones 8 Ryan 67.00 0 0.00 4 Total Page 39 STC 74 EBR2BRC-Broker Commissions SALEM T~ST COMPANY • Statement of Account March 1, 2006 Through March 31, 2006 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT MANAGER Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • March 01, 200~arch 31, 2006 Account Name : Tequesta Public Safety Net Asset Summary • Account No :80103784 Net Assets Beginning 03/01/2006 5 2,990,640.55 1.0 Summary Of Receipts 1.1 Cash Contributions ~ 20.20f. 15 1.2 - 1.4 Earnings from Investments 12,515. 10 Total Receipts 32,716.25 2.0 Summary Of Disbursements , 2.1 Distribution Of Benefits -11.084.49 2.2 Other Distributions 0.00 2.3 Administration Expenses 0.00 2.4 Other Expenses -887.23 Total Disbursements -11,971.72 3.0 Changes in Net Assets 3.1 Unrealized Gain (Loss) 25,431.11 3.2 - 3.3 Changes In Investments .0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 485,117.60 Less: Aggregate Carry Value (Market Value) 486,993.19 Total Gainltoss -1,875.59 3.5 Accrued Income -Interest 8, 837.25 3.6 Accrued Income -Dividend 1, 638.50 Total Accrued Income 10,475.75 Less: Prior Accrued Income 14.842.11 Total Changes In Net Assets Net Assets Ending 03/31/2006 19,089.16 5 3,030,474.24 STC 74 EBR2NAS-Net Asset Summary Page 1 • Account Name : Tequesta Public Safety March 01, 2006 T~ch 31, 2006 Account No :80103784 Changes In Investments Investments Acquired Market Basis Goldman Sachs Treasury Obligations Fd 65,614.62 The Amount Shown Is The Net Of Deposits For The Entire Period FHLMC Float 07/06/07 Purchased 120000 Par Value At 99.973 Trade Date :03/10/2006 Settlement Date :03/15/2006 Broker: Arbor Trading Group FNMA 5.000% 01/23/09 Purchased 60000 Par Value At 99.381 Trade Date :03/15/2006 Settlement Date :03/16/2006 Broker: Lehman Brothers Lehman Brothers Holdings 5.500% 04/04/16 Purchased 15000 Par Value At 99.534 Trade Date :03122/2006 Settlement Date :03/29/2006 Broker: Lehman Brothers Medlmmune Inc Purchased 1185 Shares At 35.3 Per Share Trade Date :03/07/2006 Settlement Date : 03/ i 0/2006 Broker: Lynch Jones 8 Ryan Procter & Gamble Co 4.950% 08!15114 Purchased 10000 Par Value At 97.9? Trade Date :03/21/2006 Settlement Date 03!24/2006 Broker: First Tennessee SBC Communications 5.100% 09/15/14 Purchased 10000 Par Value At 96.211 Trade Date :03/21/2006 Settlement Date :03/24/2006 Broker: A.G. Edwards 8 Sons, Inc. Stericycle Inc Purchased 670 Shares At 63.4219 Per Share Trade Date :03/07/2006 Settlement Date :03/10/2006 Broker: Lynch Jones & Ryan 119, 967.60 59,628.60 14,930.10 41, 854.20 9, 792.00 9,621.10 42, 506.07 STC 74 EBR2C/A-Changes in Investments Page 3 • March 01, 2006 arch 31, 2006 Account Name : Tequesta Public Safety Changes In Investments • Account No :80103784 TD Ameritrade Holding Corp Purchased 1885 Shares At 21.4437 Per Share Trade Date :0310712006 Settlement Date :03/10/2006 Broker: Lynch Jones 8 Ryan U S Treasury Note 4.500% 02!15/16 Purchased 60000 Par Value At 98.433593 Trade Date :03/22/2006 Settlement Date : 03!27/2006 Broker: Deutsche Bank Securities VCA Antech Inc Purchased 1470 Shares At 28.843 Per Share Trade Date :03/0712006 Settlement Date :03/1012006 Broker: Lynch Jones & Ryan Total Investments Acquired Market Basis 40,459.07 59,060.16 42,428.61 505,862.13 Pape 4 STC 74 E8R2C~a-Changes !n Investrnenta March 01, 2006 T~ch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Market Basis No Stock Dividends /Splits And Other Changes Qualify STC 74 EBR2CIA-Changes in Investments Page 5 • Account Name : Tequesta Public Safety Earnings From Investments Interest March 01, 2006~arch 31, 2006 FHLMC 3.500% 09/15/07 03/15/2006 Rate 1.75 Payable 03/15/2006 On 100000.00 Par Symbol: 3134A4RH9 FNMA 5.500% 03/l5/11 03/16/2006 Rate 2.75 Payable 03/15/2006 On 105000.00 Par Symbol: 31359MHK2 U S Treasury Note 4.125% OS/15/IS 03/22/2006 Accrued Interest On Sale Symbol: 912828DV9 FHLB Series X209 4.100% 03/30/09 03/30/2006 Rate 2.05 Payable 03/30/2006 On 50000.00 Par Symbol: 3133X15Y9 GNMA Pass Thru Pool #599190 6.000% 03/15/35 03/16/2006 Rate 0.5 Payable 03/15/2006 On 70201.96 Par ~. Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000% 04/15/35 03/16/2006 Rate 0.58333333 Payable 03/15/2006 On 102874.27 Par Symbol: 36291 W7H8 GNMA Pass Thru Pool #641273 4.500% 04/15/35 03/16/2006 Rate 0.375 Payable 03/15/2006 On 78838.01 Par Symbol: 36291 XMW6 • Account No :80103784 1,750.00 1,750.00 2,887.50 2,887.50 434.15 434.15 1,025.00 1,025.00 351.01 351.01 600.10 600.10 295.64 STC 74 EBR2EF1-Eamings from Investments Page 6 • Account Name : Tequesta Public Safety Earnings From Investments Interest Procter & Gamble Co 4.950% 08/15/14 03/24!2006 Accrued Interest On Purchase Symbol: 742718DA4 SBC Communications 5.100% 09/15/14 03/24/2006 Accrued Interest On Purchase Symbol: 78387GAP8 March 01, 2006 T~ch 31, 2006 FNMA Pass Thru Pool #725773 5.500% 09/01/34 03/01 /2006 Rate 0.45833333 Payable 02/25/2006 On 29547.88 Par Symbol: 31402DJS0 03/27/2006 Rate 0.45833333 Payable 03/25/2006 On 29230.52 Par Symbol: 31402DJS0 Goldman Sachs Treasury Obligations Fd 03/01 /2006 Symbol: 38141 XXXX FNMA Pass Thru Pool #735503 6.000% 04/01/35 03/27/2006 Rate 0.5 Payable 03/25/2006 On 47929.12 Par Symbol: 31402RDG1 • Account No :80103784 295.64 -53.63 -53.63 -12.75 -12.75 135.43 133.97 269.40 524.50 524.50 239.65 239.65 FNMA 4.250% 09/28/07 03!16/2006 Accrued Interest On Sale 1,289.17 Symbol: 31359MZD8 03/28/2006 Rate 2.125 Payable 03/28/2006 On 50000.00 Par 1,062.50 Symbol: 31359MZD8 STC 74 EBR2EF1-Earnings from Investments Page 7 • March 01 2006 To•March 31, 2006 Account Name : Tequesta Public Safety , Earnings From Investments Interest FHLMC 5.750% 03/15/09 03/15/2006 Rate 2.875 Payable 03/15/2006 On 50000.00 Par Symbol: 3134A3EM4 FNMA Pass Thru Pool #835760 4.500% 09/01/35 03/28/2006 Rate 0.375 Payable 03/25/2006 On 68927.17 Par Symbol: 31407NOM8 FNMA Pass Thru Pool #735897 5.500% 10/01/35 03/27/2006 Rate 0.45833333 Payable 03/25/2006 On 92028.51 Par Symbol: 31402RRS0 FNMA 5.000"/° 01/23/09 03/16/2006 Accrued Interest On Purchase Symbol: 31359ME74 U S Treasury Note 4.500% 02/15//6 03/27/2006 Accrued Interest On Purchase Symbol: 912828EW6 FHLMC Float 07/06/07 03/15/2006 Accrued Interest On Purchase Symbo1:3128X4YB1 Tota! Interest • Account No :80103784 2,351.87 1,437.50 1,437.50 258.48 258.48 a21.8o 421.80 -441.67 ai41.6T -298.34 -298.34 -998.61 -998.61 11,041.40 STC 7I EBR2~'Fr-Eam/ngs from Investments '~,,~r Paps 8 • Account Name : Tequesta Public Safety Earnings From Investments Dividends March 01, 2006 T~ch 31, 2006 • Account No :80103784 AFLAC Inc 03/01/2006 815 Shares At 0.13 Per Share Symbol: 001055102 Boeing Co 03/03/2006 620 Shares At 0.3 Per Share Symbol: 097023105 Fair Isaac Corp 03/08/2006 990 Shares At 0.02 Per Share Symbol: 303250104 Halliburton Co 03/23/2006 840 Shares At 0.15 Per Share Symbol: 406216101 Indymac Bancorp Inc Com 03/09!2006 1020 Shares At 0.44 Per Share Symbo1:456607100 Lockheed Martin Corp 03/31/2006 610 Shares At 0.3 Per Share Symbol: 539830109 Loews Corp 03/13/2006 510 Shares At 0.15 Per Share Symbol: 540424108 105.95 186.00 19.80 126.00 448.80 183.00 76.50 105.95 186.00 19.80 126.00 448.80 183.00 76.50 STC 74 E~R2EF1-Earnings from Investments Page 9 • Account Name : Tequesta Public Safety Earnings From Investments Dividends Murphy Oil Corp 03/01/2006 740 Shares At 0.1125 Per Share Symbol: 626717102 Protective Life Protective Life 03/01 /2006 960 Shares At 0.195 Per Share Symbol: 743674103 Walgreen Co 03/13/2006 880 Shares At 0.065 Per Share Symbol: 931422109 Total Dividend March 01, 2006 To~ch 31, 2006 Account No :80103784 83.25 187.20 57.20 83.25 187.20 57.20 1,473.70 Page 10 STC 74 EBR2''-~ :arnings hom Invesbnsnts March 01, 2006 ~rch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Pooled Funds Tota! Earnings Paid 12,515.10 No Data Qualifies STC 74 EBR2EFl-Earnings from Investments Page 11 • March 01, 2006'~rch 31, 2008 Account Name : Tequesta Public Safety Earnings From Investments . • Account No :80103784 Accrues incomC - •~~-~~ ~~• ~ FNMA Pass Thru Pool #735897 5.500% 10101135 419.43 91511.46 Par Value At 0.055 Par Symbol: 31402RRS0 FNMA 5.000% 01 /23/09 566.67 60000 Par Value At 0.05 Par Symbol: 31359ME74 U S Treasury Note 4.500% 02115/16 328.18 60000 Par Value At 0.045 Par Symbol: 912828EW6 Cisco Systems 5.500% 02/22116 65.54 11000 Par Value At 0.055 Par Symbol: 17275RAC6 FHLMC Float 07/06/07 2,584.64 120000 Par Value At 0.0440563 Par Symbol: 3128X4Y61 Lehman Brothers Holiiings 5.500% 04/04/16 4.58 15000 Par Value At 0.055 Par Symbol: 52517PF63 FNMA Pass Thru Pool #725773 5.500% 09101 /34 132.39 28885.01 Par Value At 0.055 Par " Symbo1:31402DJS0 ` FNMA Pass Thru. Pool #735503 6.000% 04/01/35 235.38 47076.08 Par Value At 0.06 Par Symbo1:31402RDG1 °' \, Page 12 STC 74 EBR2AFr.Accrued Earnings ~:~ ) March 01, 2006 T~ch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Interest FHLMC 5750% 03/15/09 50000 Par Value At 0.0575 Par 127.78 Symbol: 3134A3EM4 FNMA Pass Thru Pool #835760 4.500% 09/01/35 68686.73 Par Value At 0.045 Par 257.58 Symbol: 31407NQM8 Procter & Gamble Co 4.950% 08/15/14 10000 Par Value At 0.0495 Par 63.25 Symbol: 742718DA4 SBC Communications 5.100% 09/15/14 10000 Par Value At 0.051 Par 2267 Symbol: 78387GAP8 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par 1,155.42 Symbol: 3133X8RQ7 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 167.71 Symbol: 3133MLT88 GNMA Pass Thru Pool #599190 6.000% 03/15/35 70133.7 Par Value At 0.06 Par 350.67 Symbol: 36200EUP4 GNMA Pass Thru Pool #640896 7.000% 04/15/35 93624.13 Par Value At 0.07 Par 546.14 Symbol: 36291 W7H8 STC 74 EBR2AEl-Accrued Earnings Page 13 06 • March 01, 2006 Td~lfarch 31, 20 Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments ,~.o o~* GNMA Pass Thru Pool #641273 4.500% 04/15/35 78730.38 Par Value At 0.045 Par ' Symbo1:36291XMW6 FNMA 5.500% 03/15!11 105000 Par Value At 0.055 Par Symbol: 31359MHK2 U S Treasury Note 4.000% 02/15/15 45000 Par Value At 0.04 Par Symbol: 912828DM9 U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par Symbol: 9128275N8 FHLB Series X209 4.100% 03/30/09 50000 Par Value At 0.041 Par Symbol: 3133X15Y9 FNMA 4.250% 09/28/07 ' 50000 Par Value At 0.0425 Par Symbol: 31359MZD8 Goldman Sachs Treasury Obligations Fd 87697.92 Par Value At 0.0427 Par Symbol: 38141 XXXX Accrued Income -Interest 295.24 256.67 218.78 510.50 5.69 17.71 504.63 8,837.25 ''e Pape 14 STC 74 EBR2AFr•Accrued Eamings ~~ v • March 01, 2006 T~ch 31, 2006 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends EI Paso Corp 3540 Shares At 0.04 Per Share 141.60 Symbol: 28336L109 PG&ECorp 1050 Shares At 0.33 Per Share 346.50 Symbol: 69331 C108 Chesapeake Energy Corp 1790 Shares At 0.05 Per Share 89.50 Symbol: 165167107 Sprint Nextel Corp 1580 Shares At 0.025 Per Share 39.50 Sold 03/10/2006 Symbol: 852061100 McKesson HBOC Inc 860 Shares At 0.06 Per Share 51.60 Symbol: 58155Q103 Safeway Inc 1720 Shares At 0.05 Per Share 86.00 Symbol: 786514208 Hcc Insurance Holdings Inc Com 1305 Shares At 0.0?5 Per Share 97.88 Symbol: 404132102 Canadian Pacific Railway Ltd ADR 935 Shares At 0.16355 Per Share 152.92 Symbol: 136457100 STC 74 EBR2AE1-Accrued Earnings Page 15 ch 01 2006 T~rch 31, 2006 ~ • • Mar , Account No :80103784 Account Name : Tequesta Public Safety Earnings From Investments ~lia.:rlantrc Al'C~ Ucu iua.va.. a. --• • ----- -- T Rowe Price Group Inc 575 Shares At 0.28 Per Share Symbol: 741447108 Seagate Technolpgy 2165 Shares At 0.08 Per Share Symbol: G7945J104 Precision Castparts Corp 960 Shares At 0.03 Per Share Entergy Corp Symbol: 740189105 500 Shares At 0.54 Per Share Sold 02/0812006 Symbol: 293646103 Accrued Income -Dividends Total Accrued Income 1,638.50 10,475.75 STC 74 EBR2AFr-Accrued Eamings 161.00 173.20 28.80 270.00 Page 18 • Account Name : Tequesta Public Safety Balance Sheet March 01, 2006 T~ch 31, 2006 As Of 03/01/2006 Cost Value Market Value Cash And Receivables • Account No :80103784 As Of 03/31/2006 Cost Value Market Value Cash 0.00 0.00 0.00 0.00 Due From Broker 0.00 0.00 0.00 0.00 Accrued Income 14,942.11 14,942.11 10,475.75 10,475.75 Total Cash And Receivables 14,942.11 14,942.11 10,475.75 10,475.75 Cash Short Term Investments 162,691.83 162,691.83 87,697.92 87,697.92 Total Caslz 162,691.83 162,691.83 87,697.92 87,697.92 Fixed Income ~~ U S Government & Agencies 652,180.07 638,137.52 697,165.39 681,465.75 Total Fixed Income 652,180.07 638,137.52 697,165.39 681,465.75 Equity Equity 1,467.581.34 1,675,237.40 1,487,388.68 1,735,403.00 Total Equity 1,467,581.34 1,675,237.40 1,487,388.68 1,735,403.00 Fixed Income Corporate Obligations 11,015.07 11,075.28 45,358.27 44,709.12 Govt MBS/CMO/ABS 234,795.86 233,847.91 232,523.70 228,071.17 GNMA Mortgage Pass Thru 260,593.36 254,708.50 250,476.16 242,651.53 Total Fixed Income 506,404.29 499,631.69 528,358.13 515,431.82 Total Holdings 2,788,857.53 2,975,698.44 2,800,610.12 3,019,998.49 TOTAL ASSETS 2,803,799.64 2,990,640.55. 2,811,085.87 3,030,474.24 Payables Due To Broker 0.00 0.00 0.00 0.00 Total Payables 0.00 0.00 0.00 0.00 TOTAL LIABIL/TIES 0.00 0.00 0.00 0.00 Total Net Asset Value 2,803,799.64 2,990,640.55 2,811,085.87 3,030,474.24 Total Liabilities And Equity 2,803,799.64 2,990,640.55 2,811,085.87 3,030,474.24 S7C 74 EBR28LS-Balance Sheet Page 17 2006 To~ch 31, 2006 • • March 01, Account No :80103784 Account Name : Tequesta Public Safety Investment Summary Beginning Of Period Ending Investment Of Period Change Cash 0.00 0.00 Cash 162,691.83 87,697.92 00 0 Short Term Investments 182,691.83 87,697.92 . Total Cash ' Fixed Income 638,137.52 681,465.75 -4,100.00 U S Government & Agencies 11,075.28 44,709.12 -709.36 Corporate Obligations 233 847 91 228,071.17 -3,518.50 Govt MBSICMO/ABS 254,708.50 242,651.53 -2,219.88 GNMA Mortgage Pass Thru 1,137,769.21 1,196,897.57 -10,547.74 Total Fixed Income Equity 1,675,237.40 1,735,403.00 35,978.85 Equity 1,675,237.40 1,735,403.00 35,978.85 Total Equity Changes In ]nvesment -Other 0.00 Total Changes In Invesment -Other Realized Gain/Loss On Sales 485,117.60 Proceeds ~ Less: Aggregate Carry Value (Market Value) 486,993.19 0.00 0.00 -1,875.59 Net Period Accruals Accrued Income 10,475.75 10,475.75 14,942.11 Accrued Income 14,942.11 Less: Prior Accrued Income 14,942.11 10,475.75 -4,466.36 Total Accrued Income S 2,990,640.55 5 3,030,474.24 Investment Summary Total S 19,089.16 Total Changes In Net Assets Page 18 ~..:.. STC 74 EBR2S0-•~nvestment Summary March 01, 2006'l~rch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions 12,407.29 Employee Contributions 7,793.86 Other Contributions 0.00 Total 20,201.15 Earnings From Investments 1.2 Interest 11,041.40 1.3 Dividends 1,473.70 1.4 Pooled Funds 0.00 Total 12,515.10 Total Receipts $ 32,716.25 `' Summary of Disbursements 2.1 Distribution Of Benefits Lump Sum Benefit Payment -11,084.49 Total -11,osa.as 2.2 Other Distributions Total 0.00 2.3 Administration Expenses Fees And Commissions Total 0.00 2.4 Other Expenses Miscellaneous Expense -887.23 Total -887.23 STC 74 E8R2SOR-Summary of Receipts Page 19 • • March 01 2006 To March 31, 2006 Account Name : Tequesta Public Safety Account No :80103784 Summary of Disbursements Total Disbursements -11,971.72 STC 74 EBR2SnR-Summary of Receipts Page 20 r.,i • ~ March 01, 2006 T~ch 31, 2006 Account Name : Tequesta Public Safety • Account No :80103784 Contributions Employer Contribution 03/13/2006 Employer Contribution PPE 03/04/06 03/24/2006 Employer Contribution PPE 03/18/06 Total Employer Contribution Employee Contribut ions 03/13/2006 Employee Contributions PPE 03/04/06 03/24/2006 Employee Contributions PPE C3/18/06 Total Employee Contributions Total Cash Contributions 12,407.29 7,793.86 20,201.15 6, 703.27 5,704.02 4,206.46 3.587.40 STC 74 EBR2COR-Contributions 8 Other Receipts Page 21 • : March 01, 2006 arch 31, 2006 Account Name : Tequesta Public Safety Other Receipts No Data Qualifies Account No :80103784 STC 71 E8R2CAR•ConUibutiona 3 OtharRecaipts Papa 12 March 01, 2006 T~ch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Distribution Of Benefits Lump Sum Benefit Payment 03/23/2006 To : Franklin Templeton -11,084.49 FBO Brian Youngblood IRA ' acct #263498057 Total Lump Sum Benefit Payment -11,084.49 Total Distribution Of Beneftts -11,084.49 Page 23 • March 01, 2006 arch 31, 2006 • Account No :80103784 Account Name : Tequesta Public Safety Other Disbursements No Data Qualifies Page 24 STC 7.4 E8R2DAE-Dlstributlon d Expenses Account Name : Tequesta Public Safety Administrative Expenses March 01, 2006 T~ch 31, 2006 Account No :80103784 No Data Qualifies STC 74 EBR2DAE-Distribution 8 Expenses Page 25 • Account Name : Tequesta Public Safety Other Expenses Miscellaneous Expense March 01, 2006 T~rch 31, 2006 03/16/2006 To : Kenneth Nielson Travel expenses to attend FPPTA school 01/29/06-02/01/06 Total Miscellaneous Expense Total Other Expenses -887.23 Account No :80103784 -887.23 -887.23 ~ ~. Pape 26 STC 74 EBR2D~1 °-Disbibutlon d Expenses i ,~ '~ . March 01, 2006 T~ch 31, 2006 • Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances * * * ~ $ 0.00 $ 0.00 03/01/2006 Dividend 105.95 Payable On 03/01/2006 AFLAC Inc 815 Shares At 0.13 03/01/2006 Dividend 83.25 Payable On 03/01/2006 Murphy Oil Corp 740 Shares At 0.1125 03/01/2006 Dividend 187.20 Payable On 03/01 /2006 Protective Life Protective Life 960 Shares At 0.95 ' 03/01 /2006 Interest 524.50 Goldman Sachs Treasury Obligations Fd Payable On 02/28/2006 03/01/2006 Mortgage Backed -Other Pass Through Principal 317.36 On 02/25/2006 FNMA Pass Thru Pool #725773 5.500% 09/01/34 03/01/2006 Mortgage Backed -Other Pass Through Interest 135.43 FNMA Pass Thru Pool #725773 5.500%09/01/34 Payable On 02/25/2006 Received On 29547.88 Units Principal Balance Reduction of 317.360000 03/03/2006 Dividend 186.00 Payable On 03/03/2006 Boeing Co 620 Shares At 0.30 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 27 • March 01, 2006''~rch 31, 2006 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Income Principal Date Description 19.80 03/08/2006 Dividend Payable On 03/08/2006 Fair Isaac Corp 990 Shares At 0.02 448.80 03/09/2006 Dividend Payable On 03/09/2006 Indymac Bancorp Inc Com 1020 Shares At 0.44 -42,506.07 03/10/2006 Purchased On 03/07/2006 670 Units Stericycle Inc 670 Units At $ 63.4219 Per Unit Through Lynch Jones & Ryan -40,459.07 03/10/2006 'Purchased On 03/07/2006 1885 Units TD Ameritrade Holding Corp 1885 Units At $ 21.4437 Per Unit Through Lynch Jones & Ryan -42,428.61 03/10/2006 Purchased On 03/07/2006 1470 Units VCA Antech Inc 1470 Units At $ 28.843 Per Unit . Through Lynch Jones & Ryan -41,854.20 03/10/2006 Purchased On 03/07/2006 1185 Units Medlmmune Inc 1185 Units At $ 35.30 Per Unit Through Lynch Jones & Ryan 33,217.35 03/10/2006 Sold On 03/07/2006 740 Units Murphy Oil Corp 740 Units At $ 44.9097 Through Lynch Jones & Ryan 39,119.59 03/10/2006 Sold On 03/07/2006 1580 Units Sprint Nextel Corp 1580 Units At $ 24.78 Through Lynch Jones & Ryan page 2a STC 74 LARGE FONT -Transactions (2 coq - NEWTRNH r~ ~/ • Account Name : Tequesta Public Safety March 01, 2006 T~ch 31, 2006 • Account No :80103784 Transactions Income Principal Date Description 31,484.02 03/10/2006 Sold On 03/07/2006 1760 Units Schering-Plough Corp 1760 Units At $ 17.9092 Through Lynch Jones & Ryan 03/10/2006 Sold On 03/07/2006 1000 Units Baxter International Inc 1000 Units At $ 38.1135 Through Lynch Jones & Ryan 03/13/2006 Dividend Payable On 03/11/2006 Walgreen Co 880 Shares At 0.065 03/13/2006 Dividend Payable On 03/13/2006 Loews Corp 510 Shares At 0.15 03/13/2006 Cash Receipt Employer Contribution PPE 03/04/06 03/13/2006 Cash Receipt Employee Contributions PPE 03/04/06 03/15/2006 Interest FHLMC 3.500% 09/15/07 Payable On 03/15/2006 Received On 100000 Units 03/15/2006 Interest FHLMC 5.750% 03/15/09 Payable On 03/15/2006 Received On 50000 Units 38,092.32 57.20 76.50 6, 703.27 4,206.46 1,750.00 1,437.50 Page 29 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH • March 01, 2006 arch 31, 2006 Account Name : Tequesta Public Safety Account No :80103784 Transactions Income Principal Date ~ Description -119,967.60 03/15/2006 Purchased On 03/10/2006 120000.Units FHLMC Float 07/06/07 120000 Units At $ 99.973 Per Unit Through Arbor Trading Group 03/15/2006 Purchase Accrued Interest FHLMC Float ~ 07/06/07 To 03/15/2006 03/15/2006 Sold On 03/13/2006 100000 Units FHLMC 3.500% 09/15/07 100000 Units At $ 97.94 Through Deutsche Bank Securities 03/16/2006 Interest FNMA 5.500% 03!15/11 Payable On 03/15/2006 Received On 105000 Units 03/16/2006 Mortgage Backed -GNMA Principal On 03/15/2006 GNMA Pass Thru Pool #599190 6.000% 03/15/35 03/16/2006 I Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 03/15/2006 , Received On 70201.96 Units Principal Balance Reduction of 68.260000 03/16/2006 Mortgage Backed -GNMA Principal On 03/15/2006 GNMA Pass Thru Pool #640896 7.000% 04/15/35 03/16!2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 03/15/2006 Received On 102874.27 Units Principal Balance Reduction of 9250.140000 -998.61 97,940.00 2,887.50 68.26 351.01 9,250.14 600.10 Page 30 STC 7I LARGE FONT - Transactions (2 col) - NEWTRNH March 01, 2006 ch 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Transactions Date Description Income Principal 107.63 03/16/2006 Mortgage Backed -GNMA Principal On 03/15/2006 GNMA Pass Thru Pool #641273 4.500% 04/15/35 03/16/2006 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 03/15/2006 Received On 78838.01 Units Principal Balance Reduction of 107.630000 03/16/2006 Purchased On 03/15/2006 60000 Units FNMA 5.000% 01/23/09 60000 Units At $ 99.381 Per Unit Through Lehman Brothers 03/16/2006 Purchase Accrued Interest FNMA 5.000% 01/23/09 To 03/16/2006 03/16/2006 Sold On 03/15/2006 65000 Units FNMA 4.250% 09/28/07 65000 Units At $ 98.767 Through Lehman Brothers 03/16/2006 Accrued Interest Received FNMA 4.250% 09/28/07 Par Value Of 65,000.OG 03/16/2006 Cash Disbursement Miscellaneous Expense Paid To :Kenneth Nielson Travel expenses to attend FPPTA school 01/29/06-02/01/06 03/22/2006 Sold On 03/17/2006 30000 Units U S Treasury Note 4.125% 05/15/15 30000 Units At $ 95.859375 Through Deutsche Bank Securities 295.64 -59,628.60 -441.67 64,198.55 1,289.17 -887.23 28,757.81 STC 74 LARGE FONT • Transactions (2 col) - NEWTRNH Page 31 • March 01, 2006 arch 31, 2006 Account Name : Tequesta Public Safety Transactions Incotne llate „ova.. •~,••~" 03/22/2006 Accrued Interest Received 4 125% 05115115 U S Treasury Note Par Value Of 30,000.00 03/23/2006 Dividend Payable On 03123/2006 Halliburton Co . 840 Shares At 0.15 03/23/2006 Cash Disbursement Lump Sum Benefit Payment Paid To :Franklin Templeton FBO Brian Youngblood IRA acct #263498057 03/24/2006 Purchased On 03/21/2006 10000 Units SBC Communications 5.100% 09/15!14 10000 Units At $ 96.211 Per Unit Through A.G. Edwards & Sons, Inc. 03!24/2006 Purchase Accrued Interest 100% 09/15/14 5 . SBC Communications To 03/24/2006 03/24/2006 Purchased On 03/21/2006 10000 Units Procter & Gamble Co 4.950% 08/15/14 10000 Units At $ 97.92 Per Unit Through First Tennessee 03/24/2006 Purchase Accrued Interest Procter & Gamble Co 4.950% 08/15114 To 03/24/2006 03/24/2006 Cash Receipt Employer Contribution PPE 03/18/06 • Account No :80103784 Principal 434.15 126.00 -11,084.49 -9,621.10 -12.75 -9,792.00 -53.63 5,704.02 ', Page 32 STC 74 LARGE FONT - Tranaactlons (2 col) - NEWTRNH March 01, 2006 T~ch 31, 2006 • • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 03/24/2006 Cash Receipt 3,587.40 Employee Contributions PPE 03/18/06 03/27/2006 Purchased On 03/22/2006 60000 Units -59,060.16 U S Treasury Note 4.500% 02/15/16 60000 Units At $ 98.433593 Per Unit Through Deutsche Bank Securities 03/27/2006 Purchase Accrued Interest -298.34 U S Treasury Note 4.500% 02/15/16 To 03/27/2006 03/27/2006 Mortgage Backed -Other Pass Through Principal 345.51 On 03/25/2006 FNMA Pass Thru Pool #725773 5.500% 09/01/34 03/27/2006 Mortgage Backed -Other Pass Through Interest 133.97 FNMA Pass Thru Pool #725773 5.500% 09/01/34 Payable On 03/25/2006 Received On 29230.52 Units Principal Balance Reduction of 345.510000 03/27/2006 Mortgage Backed -Other Pass Through Principal 853.04 On 03/25/2006 FNMA Pass Thru Pool #735503 6.000% 04/01/35 03/27/2006 Mortgage Backed -Other Pass Through Interest 239.65 FNMA Pass Thru Pool #735503 6.000% 04/01/35 Payable On 03/25/2006 Received On 47929.12 Units Principal Balance Reduction of 853.040000 03/27/2006 Mortgage Backed -Other Pass Through Principal 517.05 On 03/25/2006 FNMA Pass Thru Pool #735897 5.500% 10!01/35 STC 74 LARGE FONT • Transactions (2 col) - NEVYTRNH Page 33 • To~larch 31 2006 • March 01, 2006 Account Name : Tequesta Public Safety Account No :80103784 Transactions . Income Principal Date Description 421.80 03/27/2006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #735897 5.500% 10/01/35 Payable On 03/25!2006 Received On 92028.51 Units Principal Balance Reduction of 517.050000 03/28/2006 Interest FNMA 4.250% 09/28/07 Payable On 03/28/2006 Received On 50000 Units 03/28/2006 Mortgage Backed -Other Pass Through Principal On 03/25/2006 FNMA Pass Thru Pool #835760 4.500% 09!01135 03/28/2006 Mortgage Backed -Other Pass Through Interest FNMA Pass Thru Pool #835760 4.500% 09/01/35 Payable On 03/25/2006 Received On 68927.17 Units Principal Balance Reduction of 240.440000 03/29/2006 Purchased On 03/22/2006 15000 Units Lehman Brothers Holdings 5.500% 04/04/16 15000 Units At $ 99.534 Per Unit Through Lehman Brothers 03/30/2006 Interest FHLB Series X209 4.100% 03/30/09 Payable On 03/30/2006 Received On 50000 Units 03/31/2006 Dividend Payable On 03/31 /2006 Lockheed Martin Corp 610 Shares At 0.30 1,062.50 240.44 258.48 -14,930.10 1,025.00 183.00 Short Term Investment Summary ,: , Page 34 STC 74 LARG' ANT -Transactions (2 coQ - NEWTRNH .~:. ~ j March 01, 2006 1~rch 31, 2006 • • Account No :80103784 Account Name : Tequesta Public Safety Transactions Date Description Income Principal ~. 10 Purchase(s) For 03/01/2006 To 03/31/2006 0.00 -65,614.62 0.00 140,608.53 6 Sale(s) For * * * Ending Balances * * * $ 0.00 $ 0.00 Page 35 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH h 01 2006 arch 31, 2006 • • Marc , Account No :80103784 Account Name : Tequesta Public Safety Gain (Loss) On Sale Of Assets Prior Period Ending Market Value (Aggregate Cost Basis) Proceeds Gain/(Loss) ,Q Leo a~ 242.32 Baxter International Inc Sold 1000 Shares At 38.11 Per Share, Less Expenses Trade Date :03/07/2006 Settlement Date :03/10/2006' Broker: Lynch Jones 8~ Ryan FHLMC 3.500% 09/15/07 Sold 100000 Par Value At 97.94 Per ,Less Expenses Trade Date :03113/2006 Settlement Date :03/1512006 Broker: Deutsche Bank Securities FNMA 4.250% 09/28/07 Sold 65000 Par Value At 98.77 Per ,Less Expenses Trade Date :03115/2006 Settlement Date :03116/2006 Broker: Lehman Brothers FNMA Pass Thru Pool #725773 5.500% 09/01 /34 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% 03/15/35 GNMA Pass Thru Pool #640896 7.000% 04/15/35 GNMA Pass Thru Pool #641273 4.500% 04/15135 Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Withdrawls For The Entire Period 37,850.UU 97,940.00 -60.00 98,000.00 64,198.55 -70.20 64,268.75 317.36 2.52 314.84 345.51 2'74 342.77 853.04 -8.73 861.77 517.05 4.61 512.44 44 240 14.02 226.42 . 26 68 -1.39 69.65 . 250.14 9 -414.09 9,664.23 , 63 107 4.42 103.21 . 140,608.53 140,608.53 0.00 ^- ~ ~ Page 36 STC 74 EBR2G' ~-Galn(Loss) on Sale o/Asset • Account Name : Tequesta Public Safety Gain (Loss) On Sale Of Assets March 01, 2006 ~rch 31, 2006 • Account No :80103784 Prior Period Ending Market Value (Aggregate Cost Basis) Proceeds Gain/(Loss) Murphy Oil Corp 34,683.80 33,217.35 -1,466.45 Sold 740 Shares At 44.91 Per Share, Less Expenses Trade Date :03/0712006 Settlement Date :03/10/2006 Broker: Lynch Jones & Ryan Schering-Plough Corp 32,560.00 31,484.02 -1,075.98 Sold 1760 Shares At 17.91 Per Share, Less Expenses Trade Date :03/07/2006 Settlement Date :03/1012006 Broker: Lynch Jones & Ryan Sprint Nextel Corp 37,967.40 39,119.59 1,152.19 Sold 1580 Shares At 24.78 Per Share, Less Expenses Trade Date :03/07/2006 Settlement Date :03110/2006 Broker: Lynch Jones & Ryan U S Treasury Note 4.125% 05/15/15 28,959.38 28,757.81 -201.57 Sold 30000 Par Value At 95.86 Per ,Less Expenses Trade Date :03/17/2006 Settlement Date : 03!22/2006 Broker: Deutsche Bank Securities Total Gain (Loss) On Sales 486,993.19 485,117.60 -1,875.59 STC 74 EBR2GLS-Gain(Loss) on Sale of Asset Page 37 • March 01, 2006~arch 31, 2006 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 0 00 0 0.00 0.0 . Cash Short Term Investments Goldman Sachs Treasury Obligations Fd 87,697.92 1 00 87 697.92 0.00 87697.92 Par Value 87'697'92 87,697.92 0.00 Total Short Term Investments Fixed Income U S Government & Agencies 88 796 48 0.968125 48,406.25 -390.63 FHLB 4.700% 10/04/2011 . , 50000 Par Value 250% 5 02/13/2009 25,187.50 1.0025 25,062.50 -125.00 FHLB Series UD09 . 25000 Par Value 100% 4 03/30/2009 48,828.13 0.971875 48,593.75 -234.38 , FHLB Series X209 . 50000 Par Value 750% 5 03!15/2009 51156.25 1.0175 50,875.00 -281.25 FHLMC . 50000 Par Value 4 406% 07/06/2007 119,967.60 1.00004 120,004.80 37.20 FHLMC . 120000 Par Value 000% 5 01/23/2009 59,628.60 0.99375 59,625.00 -3.60 FNMA . 60000 Par Value 250% 4 09/28/2007 49,437.50 0.986563 49,328.13 -109.37 FNMA . 50000 Par Value 500% 5 03!15/2011 107,460.94 1.014375 106,509.38 -951.56 FNMA . 105000 Par Value 4 000% 02/15/2015 43,045.31 0.937188 42,173.44 -871.87 U S Treasury Note . 45000 Par Value 500% 4 02/15/2016 59,060.76 0.9725 58,350.00 -710.16 U S Treasury Note . 60000 Par Value 000% 6 08/15/2009 72,996.88 1.03625 72,537.50 -459.38 U S Treasury Note . 70000 Par Value Psge 38 STC 74 EBR2LOA-Llst of Assets March 01, 2006 ~rch 31, 2006 • • 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 Total U S Government 8 Agencies 685,565.75 681,465.75 -4,100.00 Corporate Obligations Cisco Systems 5.500% 02/22/2016 11,075.28 0.984979 10,834.77 -240.51 11000 Par Value Lehman Brothers Holdings 5 500% 04/04/2016 14,930.10 0.98035 14,705.25 -224.85 15000 Par Value Procter & Gamble Co 4.950% 08/15/2014 9,792.00 0.967772 9,677.72 -114.28 10000 Par Value SBC Communications 5.100% 09/15/2014 9,621.10 0.949138 9,491.38 -129.72 10000 Par Value `~ Total Corporate Obligations 45,418.48 44,709.12 -709.36 Govt MBS/CMO/ABS FNMA Pass Thru Pool #725773 5.500% 09/01 /2034 28,655.98 0.977556 28,236.72 -419.26 28885.01 Par Value FNMA Pass Thru Pool #735503 6.000% 04/01/2035 47,557.85 1.000535 47,101.28 -456.57 47076.08 Par Value FNMA Pass Thru Pool #735897 5.500% 10/01/2035 90,694.76 0.976402 89,352.00 -1,342.76 91511.46 Par Value FNMA Pass Thru Pool #835760 4 500% 09/01/2035 64,681.08 0.922757 63,381.17 -1,299.91 68686.73 Par Value Total Govt MBSICMO/ABS 231,589.67 228,071.17 -3,518.50 GNMA Mortgage Pass Thru GNMA Pass Thru Pool #599190 6.000% 03/1512035 71,559.35 1.011804 70,961.56 -597.79 70133.7 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15/2035 97,815.29 1.042502 97,603.34 -211.95 93624.13 Par Value GNMA Pass Thru Pool #641273 4.500% 04/15/2035 75,496.77 0.941017 74,086.63 -1,410.14 78730.38 Par Value Total GNMA Mortgage Pass Thru 244,871.41 242,651.53 -2,219.88 Equity STC 74 EBR2LOA-List of Assets Page 39 • Account Name : Tequesta Public Safety List Of Assets • March 01, 2006~arch 31, 2006 Account No :80103784 Equity Adtran Inc 1455 Shares AFLAC Inc 815 Shares Apache Corp 620 Shares Apartment Invt i3< Mgmt Co -A 970 Shares Boeing Co 620 Shares Canadian Pacific Railway Ltd ADR 935 Shares Caterpillar Inc 800 Shares Chesapeake Energy Corp 1790 Shares EI Paso Corp 3540 Shares Fair Isaac Corp 990 Shares Fiserv Inc 960 Shares Goodyear Tire 8 Rubber Co 3080 Shares Halliburton Co 840 Shares Hcc Insurance Holdings Inc Com 1305 Shares Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price ao,oal so 26.17 38,077.35 -1,964.25 37,693.75 45.13 36,780.95 -912.80 41,490.40 65.51 .40,616.20 -874.20 42,980.70 46.90 45,493.00 2,512.30 45,067.80 77.83 48,316.60 3,248.80 47,862.65 49.97 46,721.95 -1,140.70 58.464.00 71.81 57,448.00 -1,016.00 53,145.10 31.41 56,223.90 3,078.80 46,303.20 12.05 42,657.00 -3,646.20 . 42,193.80 39.62 39,223.80 -2,970.00 39, 840.00 42.55 40,848.00 1,008.00 44,136.40 14.48 44,598.40 462.00 57,120.00 73.02 61,336.80 4,216.80 42,007.95 34.80 45,414.00 3,406.05 .. Paae 40 STC 7A EBR2i.~4-List of Assets ~~rr~' March 01, 2006'I~rch 31, 2006 • • 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 Henry Schein Inc 45,950.25 47.86 47,142.10 1,191.85 985 Shares Indymac Bancorp Inc Com 39,596.40 40.93 41,748.60 2,152.20 1020 Shares Landstar System Inc 51,249.00 44.12 48,532.00 -2,717.00 1100 Shares Lockheed Martin Corp 44,450 70 75.13 45,829.30 1,378.60 610 Shares Loews Corp 47,052.60 101.20 51,612.00 4,559.40 510 Shares McKesson HBOC Inc 46,551.80 52.13 44,831.80 -1,720.00 860 Shares Medlmmune Inc 41,854.20 36.58 43,347.30 1,493.10 1185 Shares P G ~ E Corp 39,952.50 38.90 40,845.00 892.50 1050 Shares Performance Food Group Co 39,355.80 31.19 41,794.60 2,438.80 1340 Shares Precision Castparts Corp 50,918.40 59.40 57,024.00 6,105.60 960 Shares Protective Life Protective Life 46,800.00 49.74 47,750.40 950.40 960 Shares Safeway Inc 41,813.20 25.12 43,206.40 1,393.20 1720 Shares Seagate Technology 57,524.05 26.33 57,004.45 -519.60 2165 Shares Simon Property Group Inc Com 48,952.30 84.14 49,642.60 690.30 590 Shares Stericycle Inc 42,506.07 67.62 45,305.40 2,799.33 670 Shares STC 74 EBR2LOA-List of Assets Page 41 1 2006~arch 31, 2006 • March 0 , Account No :80103784 Account Name : Tequesta Public Safety List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price 46,098.00 38.97 50,661.00 4,563.00 Sunrise Senior Living Inc W/I 1300 Shares 49,612.80 37.46 47,948.80 -1,664.00 Swift Energy Co 1280 Shares 44,148.50 78.21 44,970.75 822.25 T Rowe Price Group Inc 575 Shares 40,459.07 20.87 39,339.95 -1,119.12 TD Ameritrade Holding Corp 1885 Shares 37,760.25 32.47 41,074.55 3,314.30 TeXas Instruments Inc 1265 Shares 39,480.00 25.89 42,589.05 3,109.05 THQ Inc 1645 Shares 42,428.61 25.48 41,865.60 -563.01 VCA Antech Inc 1470 Shares 37,085.50 46.62 39,627.00 2,541.50 Volvo Ab-Sponsored Adr 850 Shares 39,476.80 43.13 37,954.40 -1,522.40 Walgreen Co 880 Shares 424.15 699 1 1,735,403.00 35,978.85 Total Equity , , 2,994,567.38 3,019,998.49 25,431.11 TOTAL INVESTMENTS MARKET VALUE 10,475.75 10,475.75 TOTAL ACCRUED INCOME 3,005,043.13 3,030,474.24 25,431.11 NET ASSETS '`~ Pepe 42 STC 74 EBR2' "t-List of Assets ~ y`~/~ i '~~ ,• Account Name : Tequesta Public Safety Brokerage Commissions Broker Name March 01, 2006 'l~rch 31, 2006 Non-Directed No, of Trades Commission Amt • Account No :80103784 Directed No. of Trades Commission Amt Lynch Jones & Ryan Total 8 205.80 0 0.00 8 205.80 0 0.00 STC 74 EBR28RC-Broker Commissions Page 43