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Home My WebLink AboutPension General_Documentation_Tab 11_08/07/20066,157 ~~ ~' i'A~lY® `Y 1!"~ 17i`i~ ~J iSiT~~'7 Account Summary for Current period ending June 30, 2006 ACCOUNT STATEMENT v m = c~ ~_ ~ -- o cry =M ~ -x ~ -~ -°~rc~ _* w~ti ~fQw~rn N ~ W ~ O -C/~~r~M ~ F-~ Q -~ - ~ cry t~ _ oN WO w ~ Q cowQaci -v~aC~w =r\~w ~ =co zoa _ ~ J W ~ W -O>C3NE- Your Financial Advisor FRED P KENNEY 3399 PGA BLVD, STE 400 PALM BEACH GARDENS FL 33410 56-624-5199/888-246-7564 Wachovia Securities, LLC, member NYSE/SIPC. Brokerage accounts are carried by First Clearing, LLC (FCC), member NYSE/SIPC. Message from Wachovia Securities HOW YOU MANAGE THE INVESTMENT IN YOUR HOME CAN SIGNIFICANTLY AFFECT YOUR LIQUIDITY AND CASH-FLOW NEEDS AND CHANGE YOUR WEALTH BY HUNDREDS OF THOUSANDS OF DOLLARS. READ INVESTOR'S SPECTRUM TO LEARN MORE -- THEN TALK WITH YOUR FINANCIAL ADVISOR. Command Asset Program News IT'S NEVER TOO SOON TO PLAN FOR THE BIGGEST FINANCIAL CHALLENGE OF ALL-RETIREMENT. TALK WITH YOUR FINANCIAL ADVISOR TODAY ABOUT HOW WE CAN HELP YOU BALANCE A LIFE TODAY WITH YOUR DREAMS FOR THE FUTURE. IF YOU USE OUR ACCESS ONLINE SERVICE, YOU CAN CHOOSE TO RECEIVE YOUR STATEMENTS ELECTRONICALLY. SIMPLY LOGIN TO ACCESS ONLINE AND SELECT THE "STATEMENTS/CONFIRMS" LINK UNDER THE ACCOUNT & SERVICES TAB. IF YOU WOULD LIKE TO ENROLL IN OUR ACCESS ONLINE SERVICE, VISIT US AT WWW-WACHOVIASEC.COM. Account Summary If you have more than one account with us, why not get them linked? Your summary below will list them all. Contact Your Financial Advisor today. Account no. Account Name Previous Market Value Current Market Value Current Period Income YTD Income Unrealized Gain/Loss YTD Realized Gain/Loss 8582-0299 VILLAGE OF TEQUESTA 0.01 0.01 0.00 0.00 0.00 0.00 GENERAL EMPLOYEE PENSION TRUST 6NSS23FLD 056746 782163746223 NNYNN YNNNN NNNNNNNN 000001 Re ula~ur Discl g y osure Estimated Portfolio Values Your portfolio value is an estimate. The prices First Clearing, LLC uses to value certain securities are provided by outside services and do not always represent the exact market price. Pricing Method Prices for listed and NASDAQ securities are as of the close of business on the Iasi day of the period. Prices for Evergreen Hedge funds are provided on a month delay basis. Corporate and municipal bonds and other fixed income securities are priced by a computerized pricing service or, for less actively traded securities, by utilizing a yield-based matrix system to arrive at an estimated market value. For current prices, call Your Financial Advisor. Long-term certificates of deposit will be priced using a market value pricing model. The price you receive when sold or redeemed may be different. SIPC Protection Coverage for cash and securities in protected client accounts is provided from two sources. The Securities Investor Protection Corporation (SIPC) protects up to $500,000, of which $100,000 may be cash. Wachovia Corporation has obtained additional protection, at no cost to you, for the remaining net equity balance, it any, of the cash and securities in your accounts. This coverage does not protect against losses from any change in market values of investments. For more information on SIPC coverage, please see the explanatory brochure at www.sipc.org or contact SIPC at 202-371-8300. Margin Account interest charged on debit balances in your margin account appears on this statement. The rate of interest and period covered are indicated. The rate may change from time to time due to fluctuations in the PRIME rate or for other reasons. Interest is computed as described in the material previously furnished to you. This is a combined statement of your general account and the Special Memorandum Account maintained for you under Regulation T, issued by the Board of Governors of the Federal Reserve system: The permanent record of the separate account as required by Regulation T is available for your inspection. Option Information Information on commissions and other charges associated with option transactions has been sent to you separately in transaction confirmations. Copies are available upon request. Financial Statements gg pp firm's financial Condit on at'www.firstcfeanngllc com~ Thea~most'recenteprinted statementths available upon request. Free Credit Balance Free credit balances and fully-paid securities are available to Clients upon request. Free credit balances are not segregated and may be used by the firm, but only to the extent permitted by federal regulations (Rule 15c3-3 on customer protection). Tax Reporting If you are subject to 1099 reporting, we will provide you with any applicable 1099 forms. Cost basis and unrealized gain/loss are provided for informational purposes only and should not be used for tax preparation without assistance from your tax advisor. In addition, separate purchases of the same security may have been combined. To update your cost data or provide costs that are missing, contact Your Financial Advisor. Due to changes in tax status subsequent to dividend payments do not use your statements for tax reporting. Financial Situation You must inform Your Financial Advisor promptly of any material change in your investment objective or financial situation so that they can meet your needs. Sweep Option Your account offers a variety of different daily sweep options. If you have any questions about sweep options including rates, or you would like to change your sweep option, please contact your Financial Advisor. • s, t sa Direct Participation Programs Direct participation program securities (e.g. partnerships, limited liability companies and real estate investment trusts which are not listed on national exchanges or NASDAQ) are generally illiquid; no formal trading market exists for these securities; and their values will be different than the purchase price. Unless otherwise indicated, the values shown herein for such securities have been provided by the management of each program and represent management's estimate of the investor's interest in the net assets of the program. Therefore, the estimated values shown herein may not necessarily be realized upon sale. IRA Withholding Notice Form W-4P/OMB No. 1545-0415 The withdrawals you receive from your IRA (except Education IRA) are subject to Federal income tax withholding unless you elect not to have withholding apply. If you have a periodic, or an "on demand" distribution, your election regarding our withholding of Federal income tax on your behalf stays in effect until you change it. You may change or revoke your election at any time and as often as you wish by completing a new election form. If you elect check-writing privileges you will also have previously elected to have no withholding on your withdrawals. If you decide to have taxes withheld you will not be eligible for check writing from your IRA. If you elect not to have taxes withheld you will be liable for payment of all taxes due on the taxable portion of your distribution and you may be responsible for payment of estimated tax. You may be subject to tax penalties under the estimated tax payment rules if your payments of estimated tax and withholding, if any, are not adequate. Trading Activity The time of transaction herein, the securities market on which the transaction was made, or the name of the buyer or seller and the source and amount of any commission or fee receivable by the firm will be furnished to the Client upon written request. Clients may elect in writing not to receive confirmations for transactions entered by investment advisors on their behalf. Clients may receive, on request and at no additional cost, transaction confirmations for any prior transactions effected during a waiver period and it desired, immediate confirmations for all subsequent transactions including details of any transaction effected for their accounts between periodic statements. SEC Rule 11Ac1-6 ("Rule 6") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. This report must identify the significant venues to which client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. To view First Clearing's quarterly order routing reports pursuant to this Rule, login to firstclearingllc.com, and click on the "Disclosure of Order Routing Information" link. Additionally, upon request, we will disclose the venues to which your individual orders were routed. Please contact Your Financial Advisor for further information. Debt Securities Debt securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented. Debt securities and preferred stock held in the accounts of Clients that are called for redemption will be identified by random and impartial selection. Additional information is available upon request. Clearing Services First Clearing, LLC (FCC), anon-bank affiliate of Wachovia Corporation, and a registered broker-dealer, a member of the New York Stock Exchange and a member of the National Association of Securities Dealers, Inc., carries your account and acts as your custodian for funds and securities deposited with us directly by you, through your Introducing Firm, as identified on the front of this statement, or as a result of transactions we process for your account. Unless and until we receive written notice from you to the contrary, FCC may accept from the Introducing Firm, without inquiry or investigation: - orders for the purchase or sale of securities for your account on margin or otherwise, and - any other instructions concerning your account. Questions and Complaints about Your Account This account statement contains important information about your brokerage account, including recent transactions. We encourage you to review the details of this statement. If you do not understand any of the information in your statement, please contact us immediately. If you do not object to the information reported on this statement within 10 days, we consider it conclusive. In other words, we will assume you have agreed to, and ratified, all of the activity in this statement. Inquiries or complaints concerning positions and balances in your account may be directed to: Client Services Department at 1-866-887-2402, or P.O Box 6600, Glen Allen, VA 23058. To further protect your rights, including rights under the Securities Investor Protection Act, please reconfirm any verbal communications in writing. All other inquiries or complaints regarding your account or the activity therein should be directed to the Branch Manager at the address and phone number listed on the front of this statement. You may reach the National Association of Securities Dealers (NASD) by calling the NASD Regulation Public Disclosure Program Hotline at 1-800-289-9999 or at the NASD Regulation Internet Web Site address, www.nasdr.com. A brochure describing the NASD Regulation Public Disclosure Program is also available from the NASD upon request. • °'~ ACH®~E~ SECLT~TIE~ Your Financial Advisor: FRED P KENNEY 3399 PGA BLVD, STE 400 PALM BEACH GARDENS FL 33410 561-624-5199/888-246-7564 Copies of this statement have been sent to an interested party. Please contact Your Financial Advisor for details. Portfolio Summary • Command Asset Program VILLAGE OF TEGIUESTA GENERAL EMPLOYEE PENSION TRUST Sub /Branch /Rep !Account No. /CAP Account No. 001 / CC / CC12 / 8582-0299 / 9075225697 For Banking Inquiries: (800) COMMAND (800) 266-6263 POttf0110 Assets Cash and Money Market Funds Value on May 31 0 01 Value on June 30 Est. Ann. % Total Income Assets Stocks and Options . 0.00 0.01 0.00 0.00100.00 0 00 Fixed Income Securities 0.00 0.00 . 0 00 Open End Mutual Funds 0.00 0.00 . 0 00 Closed End Mutual Funds 0.00 0.00 . 0 00 Total Assets $0.01 $0.01 . 0 00 100% Margin Balance 0.00 0.00 . 0.00 Net Portfolio Value $0.01 $0.01 En Espanol: (800) 326-8977 Total Value Comparison 6.169 Page 1 of 5 ACCOUNT STATEMENT June 1 -June 30, 2006 Asset Allocation (Portfolio Assets) Cash and Money Market Funds WSS23FLD 056746 182163146223 NNYNN YNNNN NNNNNNNN 000002 07105 08/05 09/05 10/OS 11/05 12/05 01/06 02/06 03/06 04/06 05/06 06/06 . ~ Command Asset Program • E,6o VILLAGE OF TE~UESTA Page 2 of 5 GENERAL EMPLOYEE PENSION TRUST Investment Objective/Risk Tolerance: MODERATE GROWTH Cash Activity Summary Total Cash/Money Market/Sweep Funds on Sub /Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0299 / 9075225697 May 31: $0.01 Current Period Year to Date Deposits 0.00 0.00 Income and Distributions 0.00 0.00 Securities Sold and Redeemed 0.00 0.00 Net Additions to Cash $0.00 $0.00 Withdrawals by Check 0.00 0.00 Securities Purchased 0.00 0.00 Net Subtractions from Cash $0.00 $0.00 Total Cash/Money Market/Sweep Funds on June 30: $0.01 Year to date totals in the cash activity summary are based upon activity shown on this and past month's statements. This information is presented for informational purposes and should not be used for tax reporting. Gain/Loss Summary Realized Gain/Loss Short-term Long-term Total Realized Gain/Loss Unrealized Gain/Loss Short-term Long-term Total Unrealized Gain/Loss This Period Year to Date 0.00 0.00 0.00 0.00 $0.00 $0.00 Current 0.00 0.00 $0.00 Income Summary June 1 -June 30, 2006 Total Taxable Income Total Federally Tax-Exempt Income Total Account Income Current Period Year to Date $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 This is a non-re ortable account. This account income will NOT be provided to the IRS at year end, but is being presented to you for informational purposes only. The. above totals may not match the cash activity summary or detailed activity in this statement, due to reclassification activity or other tax corrections. These figures represent your account as of this month end. Remember, you may have certain products that are not Included in these figures and whose income is only available on the tax forms sent to you at year end. Reclassifications and other tax reporting requirements may alter these numbers both during and after year end. Rely only on your tax documents for tax reporting information. Contact your tax advisor if you have any questions about the tax consequences of your brokerage activity. • • • 6.161 VILLAGE OF TEOUESTA Page 3 of 5 ®~~ ~'OTACx®VIA SECL7RITaES GENERAL EMPLOYEE PENSION TRUST a ACCOUNT STATEMENT Sub !Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0299 / 9075225697 June 1 -June 30, 2006 Additional Information Available Funds Cash 0.00 Money Market/Sweep Funds 0.01 Available Margin 0.00 Total Funds Available $0.01 Sweep Option EVERGREEN US GOVERNMENT MONEY MARKET FUND CL S1 "Available Margin" reflects the approximate amount available as of the statement period ending date, and should be reduced by any pending .checks and Visa charges not yet cleared. This amount is the approximate amount available for withdrawal and loans. A margin loan is a variable rate loan secured by your account. Portfolio Assets This section includes estimated or unrealized gains or losses for your information only and should not be used for tax purposes. If acquisition information is not available, the gain/loss information may not be displayed and section and summary totals may not reflect your complete portfolio. Cost basis information provided by the account owner is not verified by First Clearing, LLC and should not be relied upon for legal or tax purposes. Bonds purchased at a premium or O.I.D. (Original Issue Discount) will be carried at the original cost basis. Factored bonds (GNMA, CMO, etc.) will be adjusted for paydown of principal. Systematic investments in mutual funds and reinvested dividends for mutual funds and stocks have been consolidated for each position. Unit cost data for systematic investments and dividend reinvestment securities is provided for informational purposes only and is anon-weighted average. To update your cost information or provide omitted cost information, contact Your Financial Advisor. Estimated Current Yield on Money Market funds, when available, reflects the current estimated yield for the Interest Period dates displayed. Estimated Annual Income, when available, reflects the estimated amount you would earn on a security if your current position and its related income remained constant for a year. Estimated Annual Yield, when available, reflects the current estimated annual income divided by the current value of the security as of the statement closing date. The information used to derive these estimates is obtained from various outside vendors; FCC is not responsible for incorrect or missing estimated annual income and yields. Cash and Money Market Funds Current Estimated Estimated Description Market Value Annual Income Currant Vialri/o%1 EVERGREEN US GOVERNMENT 0.01 3.95 MONEY MARKET FUND CL S1 Interest Period 06/01/06 - 07/02/06 Total Cash and Money Market Funds $0.01 WSS23FLD 056746 182163146223 NNYNN YNNNN NNNNNNNN 000003 • . • 6162 VILLAGE OF TEGIUESTA Page 4 of 5 GENERAL EMPLOYEE PENSION TRUST Sub /Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0299 / 9075225697 June 1 -June 30, 2006 Curious how your securities are performing? The "Unrealized Gain/Loss" column tells you how much each stock has increased or decreased in value since you bought it (based on cost data supplied by you or by outside services, which may not be complete). Revisions to this information (because of corporate mergers, tenders, and other reorganizations, for example) may be necessary from time to time. 1'o update your cost information or provide omitted costs, contact Your Financial Advisor. Please note that the unrealized gain/loss information presented here does not incorporate amounts or situations that you may use to adjust basis - Securities purchased at an Original Issue Discount (OID) do not reflect the impacts of the OID accruals on the original cost basis - Fixed income securities purchased at a premium do not reflect the amortization of that premium on the original cost basis information - Fixed income securities purchased at a discount do not reflect the accretion of that discount on the original cost basis information - Partial return of principal or capital payments may not adjust original cost basis information - Mark-to-market information is not available or provided Unrealized Gain/Loss information that reflects adjustments to cost basis for amortization and accretion is available from the firm for many impacted fixed income securities. Please contact Your Financial Advisor for more information. When information is available, tax lots are marked with an "L" to denote Long-term (shares held more than 1 year) or an "S" to denote Short-term (shares held 1 year or less). Thank you for allowing Wachovia Securities, LLC to serve you. If youhave any questions regarding your account or-this statement, please contact your Financial Advisor. nnnn nrxihna n~,~ r: ~ ~ H • • ®~ WACH®~Yl~. ~EC~I'.~'~S TO BALANCE YOUR ACCOUNT STATEMENT 1 Record in your account register all items which may appear on this statement that have not previously been entered in your account register, such as ATM/Check Card transactions, automatic transfers, preauthorized drafts, interest earned, service charges, proceeds from sales, security purchases, etc. 2 In your account register, check off the additions and subtractions as shown in the Account Activity Section. 3 In the Outstanding Additions section at the right (Section A), list any outstanding additions such as deposits, dividends and interest, proceeds from sales, etc., that have been made since the date of this statement. 4 In the Outstanding Subtractions section at the right (Section B), list any checks that have not yet been paid and any outstanding subtractions such as ATM/Check Card transactions and any margin interest, service fees and purchases, etc., that have been made since the date of this statement. 5 Write in the Closing Balance shown in the Cash Activity Summary on page 2. 6 Write in the total amount of Outstanding additions (Section A). + 7 Total the amounts in lines 5 & 6. - 8 Write the total amount of Outstanding Subtractions (Section B). 9 Subtract the amount in line 8 from the amount in line 7. This is your Adjusted Statement Balance. • 6,163 Page5of5 ACCOUNT STATEMENT A. Outstanding Additions B. Outstanding Subtractions Total WSS23FLD 056746 182163146223 NNYNN YNNNN NNNNNNNN 000004 Independent • Corl~munity Bank Member FDIC 250 Tequesta Drive, Suite 1 Ol •Tequesta, Florida 33469 (561) 746-1 ] 90 VILLAGE OF TEQUESTA BD OF TTEE'S GENERAL EMP PENSION TR FUND 250 TEQUESTA DRIVE SUITE 300 TEQUESTA, FL 33469 ACCOUNT STATEMENT PERIOD 0-838-3 04/01/2006 To 04/2812006 PAGE 1 TYPE OF ACCOUNT... Freedom Business Beginning We Have Added Balance Number Deposits/Credits $1,010.45 1 $7,300.00 Items Minimum Enclosed Balance 1 $1,010.45 We Have Subtracted Number Checks/Debits 2 $428.86 Average Balance $2,426.56 Ending Balance $7,881.59 Average Available Balance $2,426.56 CHECKS • Date ` Check No. Amount 04!28/2006 1029 418.86 OTHER DEBITS Date Amount Description 04/25/2006 10.00 INC WIRE FEE - GREATBANC TR ,,;; DEPQSITS /CREDITS Date Amount Description ` 04/25/2006 7,300.00 INC WIRE - GREATBAI~'C TR DAILY BALANCE INFORMATION Date Balance ~ to Balance Start 1,010.45 Ckt/25f2006 .,8,300.45 ` :7 Date Balance 04/28/2006 7,881.59 •~nr~n~. nrr n ~nr~.n~-.. ~~- ~. ~~.-.,~... T,.~. ~ ..u r,r~ irr.n~ n~nr • Independent Community Bank 8383 04/28/2006 PAGE 2 1 - :, ~. YLLIACE OF TEOUE.4TA BOARDaTiN1SfEE5 1029 ~ .. OENERAL~PLOYEE'S PENSION TRUST FlllID i ! wMOr HESS y~,^JI[R~h CDr•~ro rlC. 1 - - i`,:~ n+ 8.86 :.~. ..r 1,,...~~.-a.:d ~ ~i~t~f..l- e~~ioo ~----oa~.~n 8 ~':, [ -. - __.c =-_- - _. .. :: , 1~ HecT. ~i-1,n~~.s a~ 2L6T .~.~f.~'.-~iJ ~ ~ 1 ~_...-_ .... ~Y .'`. t 11 ~~OIO Ya- tO69O 144~O~: ODOB i83~~~~`;,C~iO~0AD6~6I ~ ~ ' 1029 04/28/2006 418.86 Independent Community Bank • Member FDIC 25o Tequesta Drive, Suite 1 OI • Tequesta, Florida 33469 (561) 746-1 190 i -" ~~' 1 I ` gym... , ~_. ..~ ~ ` 4t~N o 6 2oa~ .a ,1~ti~lair OF TEQUESTA ACCOUNT ,_,~, ~~ ~ 0-83 P~~ STATEMENT PERIOD ~ 04129/2006 To 05/3112006 VILLAGE OF TEQUESTA BD OF TTEE'S GENERAL EMP PENSION TR FUND 250 TEQUESTA DRIVE SUITE 300 TEQUESTA, FL 33469 PAGE 1 TYPE OF ACCOUNT... Freedom Business Beginning We Have Added We Have Subtracted Ending Balance Number DepositslCredits Number Checks/Debits Baiance $7,881.59 2 $2,230.00 9 $8,312.70 $1,798.89 Items Minimum Average Average Enclosed Balance Balance Available Balance 6 -$406.11 $1,186.27 $1,186.27 CHECKS Date Check No. ~ Amount Date Check No. \ Amount 05/03/2006 1028 1,120.54 05/01/2006 1032 v 821.64 05/08/2006 1030* ~ 500.00 OS/23/2006 1033 x,1,052.42 05/01/2006 1031 ~ 4,5.00.00 05/17/2006 1034 ~ 263.10 * -Denotes missing check number in sequence. OTHER DEBITS Date Amount Description 05/23/2006 30.00 ~ NSF Check C'har~e ., ~~ ~ 05/25/2006 10.00 INC WIRE FEE -'G~ZBATBANC TR CCU ~ 05/31/2006 / 15.00 Net Service Charge , [DEPOS TS / CRED TS I I Date Amount '' ,.,Descrir~tian 05/24/2006 ~ 30.00 Nsf Charge Refund 05/25/2006 4 2,200.00 INC WIRE: GRI/ATBANC TR CO Y L NF RMA DAIL BA ANCE I O TION Date Balance Date Balance Date Balance Start 7,881.59 05/08/2006 939.41 05/24/2006 -376.11 05/01/2006 2,559.95 05/17/2006 67631 05/25/2006 1,813.89 05/03/2006 1,439.41 05/23/2006 -406.11 05/31/2006 1,798.89 r~ NOTICE: SEE IMPORTANT INFORMATION ON REVERSE SIC ~3 05/31/2006 PAGE 2 ;~ - loze VILLAGE OF TEDOE STA BOARD OFTW/STEES ~ OFNERAL EMPLOVET'S PENSION TRUST FU1lD ~~^^ tw noxs.•u++~ a~~i aw i ~.T '^o°~na ~1rY, In~~"-1.r~:.~.~ Ac~';mot I a~,ia D~s+{ ; 1 ~i I~~~~ ` ,,1) rOD:D 2o• C067D 144401: 0008383r ~G' ~jq~~41 1028 05/03 .;pendent Community Bank NLIAGE OF TEOUESTA BOARD OF TRUSTEE'S 1030 GENERAL EMPLOYEE'S PENSION TRUST flJtO ~~" ~: r,.v ~czl,c~nl,n emS-~L~trtc L_I~G I SrJ CO.pfl o aff rorr _ C~~ r Ser.:l cu - I ~ I t r~ ~6 A Ze-~/e5 ~ F rOD 103Dr CD67O LL44D{ 0008383r OOSDD90~ 1030 - -" H O P ~.~ 30 _ ~ - ~ (J~ ttllh ~ ~ C 'Ll-CT19-9 - ~ ~ ~O - o75^-wosi - 1 - ~.. q~ _ >`A _ _ - ~ - - f ~ ~ _ ~ f I /2006 _ 1,120.54 Sa'SIET 3L •rn.'; F3F!r FAR: ~- OE E 'C~h uo±i 05i~1~ EuFTfll.l. FI- 05/08/2006 VLLAGE OF TEGNESTA BOAR® OF TRU57Ef'S /1 10 31 ~ I } GENERALyErMPiOYEE'S PENSION TRUST FUND !/ ~M~ %.raha~. ora sw« w ~ -- ~ L}~a.4~oL -~,~-~ '~ nor 1C k>r~L.,ac.c~lc(-- 5..,~1i-E. ~ C._~J 5f-F"SCU.~ i _~ I~ r.......- %oD:D3u ~: 6 t4~LOe~oDna3a3r ,. ~,:Cr?s.~~_~'~D~Dr ~ ~. - 1031 05/09 VBJ.AGE OF TEWESTA BOARD OFTAUSTEE'S 103= ~T~E'S PENSION TRUST FUND GENQiAL ~ = ~ {{ .wer w ^ Hare 1}~~µ -7 ,Lb I Ff~~ • fI-~nns~ '~f.-. ~ -Z woes ar _ ns~ IAA I SF~21.~ '~~ C-I~t~ I rcl~.,d t -k-~ . _one. b`~~~DO~~,~, e~^- ~ lldmsi., r ~ _ F~ _ - ~ ~,~' TrD0lD32r K067O 3444D{ ~ OD08383r ~~,(,wt_° D~~B 1032 05/0l~ . { VLLIAGE OF TEOl1cSfA BOARD OF TRUSTEE'S SD33 ~ i 1 GENERAL ET.~PLOYEES PENSION TRUST iUND e~-~. •.nu.a*co.~s0..i u wrt as I n os ~' . F acx I .. `- '~ ~ rDO:Didr CCe7014LLDC 0OD8i8i• ~ 7.701052421 1033 05/23, I - I i VILLAGE OF TEOUESFA BOAPA OF TRUSTEES 103E ~ : GENERAL EMPLOYEE'S PENSION TRUST FUND s~.~..m ,mss.. ww~c w.n ~ ,io~s*wn avw f`~ - ~ cstE a ` , - .S,nC- .I Ro",~ I ~ :~ i e PLC -~ 5,463. ~ O ~ ~ ~ I_ i,~ I'V'cw~:cle~rODiD3Lr r.0;;70:L44DC DDDayaar rononD~s3:nr .1034 05/17 2006 06 - ,~~, 2006 06 . _ ~ .,. Y,. -~, ~~ ~~ ~i 500.00 4,500.00 1 .~ ~=-=~ ~'~ ~~-'__~ ~_'> i 821.64 ,~ -~ ~ - 'i - - ,_ _ :1 . ~ '` ' 1,052.42 r _ , i 263.10 Independent Community Bank • Member FDIC 250 Tequesta Drive, Suite 1 O1 • Tequesta, Florida 33469 (561) 746-1 190 ACCOUNT STATEMENT PERIOD VILLAGE OF TEQUESTA BD OF TTEE'S GENERAL EMP PENSION TR FUND 250 TEQUESTA DRIVE SUITE 300 TEQUESTA, FL 33469 0-838-3 06/0112006 To 06/30/2006 PAGE1 Beginning We Have Added We Have Subtracted Ending Balance Number Deposits/Credits Number Checks/Debits Balance $1,798.89 1 $1,500.00 5 $2,451.30 $847.59 Items Minimum Average Average Enclosed Balance Balance Available Balance 4 $847.59 $1,094.05 $1,094.05 CHECKS Date Check No. Amount Date Check No. Amount 06/01/2006 1035 723.13 06/16/2006 1038 1,229.91 • 06/05/2006 1037* 180.78 06/16/2006 1039 307.48 * -Denotes missing check number in sequence. OTHER DEBITS Date Amount Description 06/12/2006 10.00 INC WIRE FEE - GREATBANC TRUST CO DEPOSITS /CREDITS Date Amount Description 06/12/2006 1,500.00 INC WIRE - GRE.ATB.4NC TRUST CO DAILY BALANCE INFORMATION Date Balance Date Balance Date Balance Start 1,798.89 06/05/2006 894.98 06/16/2006 847.59 06/01/2006 1,075.76 06/12/2006 2,384.98. • NOTICE: SEE IMPORTANT INFORMATION ON REVERSE SIDE Independent Community Bank 8383 06/30/2006 PACT C, ~-~_ -- ~{ I I ~ VILLAGE OF TEOUESTA BOARD OF TRUSTEESS GENERAL MP O ES PENSION T -- l OsS : ~ ~ } d..,; ~ ;. - ~ ~ ~ RUST FUND ~~ ~ «e .. a n.e, ~ { { { C ~ - FDEP6IDEN{l;CLtlA)IIIY BNII wC[ h I ~, , i i 1 ~ E~ ~.lyd~d ~ ,mot _ E .~ 1 IUD ~~. -- ~,~ e ,- ~.. ~ a ~, ~' ,, ~ `" ~ ~ ~ ~ 1°~«° °' ~ ~ ~ {a~lrn Cron s ` w -o ~ . . ~ ` ~c ..,I ~ ^.. I { ~ ron~ ~Ct] CL7~, Ez'~. __ /~ /~ /1 cy /r .~-t=+ (~. C ~~ 1 ~ c., sr .~! C x/l~l ~ cscsxroomaico;.., {~,e - ~3r9 '.1S'J CS fLbb1R1 I - ~~.1 Q, L v ~[ SOD 3035r 1:067014N40{ = _ ~ D0083B 3r /OOD0072313t f{ . ~'~'~ ly i _ ~~ _ _ - - -~~,., P 1035 06/01/2006 723.13 ~, VILLAGE OF TEOUESTA BOARD OF TRUSTEE' 1037 3 GENERAL~EMPLOYEE'S PENSION TRUST FUND curt lm } s ~ - n»~nr^ 2 vw ,.ww i $ I F. , TO TwE 1 R QE>a1Cf ~ ~ _1`e.cuF:S2 S Iso:''g ( s~ ~0a ~Q , R£ ~~ c.~rm ~}F:I 003 37r x:06 i1.43,D{: -°°c.~-~-- 0008383r VOODOO lBD 7B/ - ------~.~,. -~ 1037 06/05/2006 180.78 -- - - -- ~S~Ge9338a/7 v ~ VILLAGE OF TEOUESTA BOARD OF E'S 1038 5 '~S-8~. 17C,O GENERALEMPLO~E'SPENSgN USY ~ : ' i =' - i 'r o„F K n~..i "" ."' „ -/S - BOG 8 ~ ..,...,.e ~ ~ . , _ { ~\ ` ~ ,/ ~~E6 ~' ~ o~.E Sine. {ti- 100 ~ • t~ r ~ ~ ~ \ ~„~ ~111~q ~ , ~` slaa9.q~ - ~. _ _ ~ I - ..e--~-:- ~ ~ ~~ ~y r'~ /~7 ~ EOR=.3.pa.c~uA YC11 gKY1 L.GS~~~ _ %/J~ / ~f / ' _ " lr_~~ I ,.°t W:3.:V SGW {GO S:'R 9UIli.Il1 ' ~ ~ _ - CR19~~00~. Ct 3Mfe3.1 J079 4a'D 1{'3Z2'IIIg7t V ~ i ~_~ rOD 3D 3Ar {:0670 i4140~: ce.., - .., _ _.... OD08383r ~~• ,... _ .. 1038 .. 06/16/2006 1 229.91 VILLAGE OF TEQUESTA BOARD OF TRUSTEES E GENEgA1 EMPLOYEES PENSION TRUST FUND w su,e luo e ' Y n n~ 1039 I {F r~....A , r a I ~_ff ~i TO TIE V t 3' ~'a`g ~ •~ r~ ~ r- ~[. "E~CY - s 7'le ~ _=men ~.~;,, ._ ~ ~,1 Lop ~~_~~ 8 r E .. M1 ~ f-.S:t: ^f EF~F e? y ' w lJ ~Il~w~r^'TW~-- ~r003 r x•067034 ~O{' 000838 3r ~..~_'D!~ Q3~-2Lp,~ _ - {-~`~ ~--~~ 1039 06/16/2006 3.07.48 • SALEM TRU~ COMPANY Statement of Account April 1, 2006 Through April 30, 2006 Salem Trust Company As Custodian For The Village Of Tequesta General Employees Pension Plan Account Number :80105025 ACCOUNT MANAGER . Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information ~~ Fc~ ~; ~9 '~S ~~~c F Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • Account Name : Tequesta General Employees Pension Aril p 01, 2006 To~ 30, 2006 • Account No :80105025 Net Asset Summary Net Assets Beginning 04/01/2006 S 703,984.56 1.0 Summary Of Receipts 1.1 Cash Contributions 9.203.18 L2 - 1.4 Earnings from Investments 2.248 05 Total Receipts 11,451.23 2.0 Summary Of Disbursements 2.1 Distribution Of Benefits 0.00 2.2 Other Distributions -7,300.00 2.3 Administration Expenses -339.99 2.4 Other Expenses 0.00 • Total Disbursements -7 639.99 3.0 Changes In Net Assets , 3.1 Unrealized Gain (Loss) 8.870.48 3.2 - 3.3 Changes In Investments 0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 54.920.43 Less: Aggregate Carry Value (Market Value) 54,931.72 Total Gain/Loss _11.29 3.5 Accrued Income -Interest 3,031.76 3.6 Accrued Income -Dividend 339.00 Total Accrued Income 3,370.76 Less: Prior Accrued Income 4,058.59 Total Changes In Net Assets 8,171.36 Net Assets Ending 04/30/2006 S 715,967.16 STC 74 EBR2NAS-Net Asset Summary Paqe 2 • April 01, 2006 To Ap~, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Changes In Investments Investments Acquired Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Deposits For The Entire Period FHLMC 4.875% 11/15/13 Purchased 5000 Par Value At 97.2 Trade Date :04/27/2006 Settlement Date :04/28/2006 Broker: First Tennessee Bank Natl Assn FHLMC 5.750% 03/15/09 Purchased 10000 Par Value At 101.53 Trade Date :04/27/2006 Settlement Date :04/28/2006 Broker: First Tennessee Bank Natl Assn FHLMC 5.750% 04/15/08 Purchased 10000 Par Value At 101.12 Trade Date :04/27/2006 Settlement Date :04/28/2006 Broker: First Tennessee Bank Natl Assn FNMA 5.000% 04/15/15 Purchased 5000 Par Value At 97.84 Trade Date :04/2712006 Settlement Date :04/2812006 Broker: First Tennessee Bank Natl Assn U S Treasury Bill 05/11/06 Purchased 7000 Par Value At 4.54 Trade Date :04/12/2006 Settlement Date :04/13/2006 Broker: Mizuho Securities USA U S Treasury Note 5.500% 05/15/09 Purchased 10000 Par Value At 101.695312 Trade Date : 04!27/2006 Settlement Date :04/28/2006 Broker: Mizuho Securities USA Total Investments Acquired Market Basis 11,569.86 4,860.00 10,153.00 10,112.00 4,892.00 6,975.28 10,169.53 58,731.67 s STC 74 E8R2CIA-Changes in Investments Page 3 • April 01, 2006 To ~30, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Changes In Investments Market Basis No Stock Dividends /Splits And Other Changes Qualify STC 74 E8R2C/A-Changes in Investments Page 4 • April 01, 2006 To Ap~ 2006 Account Name : Tequesta General Employees Pension .Earnings From Investments Interest U S Treasury Note 5.500% 05/15!09 04/28/2006 Accrued Interest On Purchase Symbol: 912827563 FHLMC 5.125% 10115/OS 04/17/2006 Rate 2.5625 Payable 04/15/2006 On 5000.00 Par Symbol: 3134A2UJ5 . Goldman Sachs 5.250% 10/15/13 04/17/2006 Rate 2.625 Payable 04/15/2006 On 5000.00 Par Symbol: 38141 GDQ4 Bristol-Myers Squibb 5.750% 10/O1/11 04103/2006 Rate 2.875 Payable 04/01/2006 On 5000.00 Par Symbol: 110122AG3 FHLMC 4.875% 11/15/13 04/28/2006 Accrued Interest On Purchase Symbol: 3134A4UK8 FHLMC 5.750% 04/15!08 04/28/2006 Accrued Interest On Purchase Symbol: 3134A2DT2 FNMA 5.000% 04/15/15 04/17/2006 Rate 2.5 Payable 04115/2006 On 3000.00 Par Symbol: 31359MA45 STC 74 EBR2EF1-Earnings from Investments Account No : 825 -249.17 -249.17 128.13 128.13 ' 131.25 131.25 143.75 143.75 -110.36 -110.36 -20.76 -20.76. 75.00 Page 5 • . • A ~ 30 2006 A ril 01, 2006 To p , P Account No :80105025 Account Name : Tequesta General Employees Pension Earnings From Investments Interest -9.03 04/28/2006 Accrued Interest On Purchase Symbol: 31359MA45 Goldman Sachs Treasury Obligations Fd 04/03/2006 Symbo1:38141XXXX FHLMC 5.750% 03/15/09 04/28/2006 Accrued Interest On Purchase Symbol: 3134A3EM4 U S Treasury Note 4.000% 09/30/07 04/03/2006 Rate 2 Payable 03/31/2006 On 15000.00 Par Symbo1:912828EH9 Lowes Companies Inc 5.000% 10/15/15 04/17/2006 Rate 2.5 Payable 04/15/2006 On 5000.00 Par Symbol: 548661 CH8 HSBC Finance Corp 5.250% 04/15/15 04/17/2006 Rate 2.625 Payable 04/15/2006 On 5000.00 Par Symbol: 40429CCR1 FHLB Series 580 4.125% 10/19/07 04/19/2006 Rate 2.0625 Payable 04/19/2006 On 10000.00 Par Symbol: 3133XDC02 U S Treasury Note 4.250% l0/15/10 STC 74 EBR2EF1-Earnings from Investments 65.97 231.42 231.42 -68.68 -68.68 300.00 300.00 131.25 131.25 131.25 131.25 206.25 206.25 Page 6 • Account Name: Tequesta General Employees Pension Earnings From Investments Interest April 01, 2006 To A~, 2006 04/t 7/2006 Rate 2.125 Payable 04/15/2006 On 15000.00 Par Symbol: 912828EJ5 Gannett Co 6.375% 04/01/12 04/03/2006 Rate 3.1875 Payable 04/01/2006 On 5000.00 Par Symbol: 364725AC5 CSX Corp 6.250% 10/15/08 04/17/2006 Rate 3.125 Payable 04/15/2006 On 5000.00 Par Symbol: 126408883 U S Treasury Bill 04/13/06 04/13!2006 Rate 0 Payable 04/1312006 On 7000.00 Par Symbol: 912795WX5 Deutsche Bank Financial 7.500% 04/25/09 04!25/2006 Rate 3.75 Payable 04/25/2006 On 6000.00 Par Symbo1:251529AF0 Totallnterest • Account No :80105025 318.75 318.75 159.38 159.38 156.25 156.25 20.04 20.04 225.00 225.00 1,899.72 STC 74 EBR2EF1-Earnings from Investments Page 7 • Account Name : Tequesta General Employees Pension April 01, 2006 To~ 30, 2006 • Account No :80105025 Earnings From Investments Dividends Altria Group Inc 04/10/2006 76 Shares At 0.8 Per Share Symbol: 02209S103 Bear Stearns Companies Inc 04!28/2006 50 Shares At 0.28 Per Share Symbo1:073902108 Burlington Northern Santa Fe Corp 04/03/2006 117 Shares At 0.2 Per Share Symbol: 121897104 Dow Chemical 04/28/2006 118 Shares At 0.375 Per Share Symbol: 260543103 Hartford Financial Svcs Grp 04/03/2006 74 Shares At 0.4 Per Share Symbol: 416515104 Kimberly-Clark Corp 04/04/2006 95 Shares At 0.49 Per Share Symbol: 494368103 McKesson HBOC Inc 04/03/2006 120 Shares At 0.06 Per Share Symbo1:58155Q103 STC 74 EBR2EFl-Earnings from Investments 60.80 60.80 14.00 14.00 23.40 23.40 44.25 44.25 29.60 29.60 46.55 46.55 7.20 7.20 Page 8 • Account Name : Tequesta General Employees Pension Earnings From Investments Dividends Motorola Inc 04/14/2006 280 Shares At 0.04 Per Share Symbol: 620076109 PPL Corp 04%03/2006 207 Shares At 0.275 Per Share Symbol: 693517106 Quest Diagnostics 04/20/2006 139 Shares At 0.1 Per Share Symbol: 74834L100 Sempra Energy 04!17/2006 135 Shares At 0.3 Per Share Symbo1:816851109 Total Dividend STC 74 EBR2EFI-Earnings from Investments April 01, 2006 To Ap• 2006 11.20 56.93 13.90 40.50 11.20 56.93 13.90 • Account No :80105025 40.50 348.33 Page 9 • • • April 01, 2006 To Ap'PTf 30, 2006 Account Name : Tequesta General Employees Pension Earnings From Investments Pooled Funds Tota! Earnings Paid STC 74 EBR2EF1-Earnings from Investments No Data Qualifies 2,248.05 Account No :80105025 Page 10 • Account Name : Tequesta General Employees Pension L Earnings From Investments Accrued Income -Interest Bank One Corp 5.900% 11/15/11 5000 Par Value At 0.059 Par Symbol; 06423AAQ6 Carolina Power & Light 6.800% 08/15/07 5000 Par Value At 0.068 Par Symbol: 144141 CH9 FHLMC 4.875% 11/15!13 5000 Par Value At 0.04875 Par Symbol: 3134A4UK8 FHLMC 5.750% 04115/08 10000 Par Value At 0.0575 Par Symbol: 3134A2DT2 Countrywide Home Loan 5.625% 07/15/09 5000 Par Value At 0.05625 Par Symbol: 22237LMY5 Goldman Sachs 5.250% 10/15/13 5000 Par Value At 0.0525 Par Symbol: 38141 GDO4 Bristol-Myers Squibb 5.750% 10/01/11 5000 Par Value At 0.0575 Par Symbol: 110122AG3 U S Treasury Note 3.500% 11!15/06 15000 Par Value At 0.035 Par Symbol: 9128277F3 April 01, 2006 To Ap~ 2006 136.03 71.78 112.40 25.56 82.81 11.67 23.96 240.75 Account No : 825 Page 11 STC 74 EBR2AE!-Accrued Earnings • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest FHLB 4.875% 11/15/06 10000 Par Value At 0.04875 Par Symbo1:3133MKED5 . FNMA 5.500% 03/15/11 7000 Par Value At 0.055 Par Symbol: 31359MHK2 Lehman Brothers Hldg Ser MTN 5.000% 01/14/11 5000 Par Value At 0.05 Par Symbol: 52517PD57 Wachovia Bank NA 5.600% 03/15/16 5000 Par Value At 0.056 Par Symbol: 92976GAE1 FNMA 5.000% 04/15/15 8000 Par Value At 0.05 Par Symbol: 31359MA45 U S Treasury Note 4.125% 08/15/08 20000 Par Value At 0.04125 Par Symbol: 912828EC0 U S Treasury Note 4.250% 08/15/15 5000 Par Value At 0.0425 Par Symbol: 912828EE6 Avon Products 4.625% 05/15/13 5000 Par Value At 0.04625 Par Symbol: 054303AQ5 STC 74 EBRIAEI-Accrued Earnings April 01, 2006 To A~30, 2006 224.79 49.19 90.28 40.44 17.78 168.65 43.44 106.63 • Account No :80105025 Page 12 • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest, Merrill Lynch 8 Co 4.250% 09!14/07 5000 Par Value At 0.0425 Par Symbol: 59018YWD9 FHLMC 5.750% 03/15/09 10000 Par Value At 0.0575 Par Symbol: 3134A3EM4 U S Treasury Note 4.000% 09/30/07 15000 Par Value At 0.04 Par Symbol: 912828EH9 Lowes Companies Inc 5.000% 10/15115 5000 Par Value At 0.05 Par Symbol: 548661 CH8 HSBC Finance Corp 5.250% 04/15115 5000 Par Value At 0.0525 Par Symbol: 40429CCR1 FHLB Series 580 4:125% 10/19/07 10000 Par Value At 0.04125 Par Symbol:3133XDCQ2 U S Treasury Note 4.250% 10/15/10 15000 Par Value At 0.0425 Par Symbol: 912828EJ5 Capital One Bank 5.750% 09/15/10 5000 Par Value At 0.0575 Par Symbol: 14040EHH8 April 01, 2006 To Ap~2006 Account No : 80 25 27.74 73.47 49.18 11.11 11.67 13.75 26.13 36.74 Page 13 STC 74 EBR2AE1-Accrued Earnings • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest CIT Group Inc Series MTN 4.750% OS/15/08 5000 Par Value At 0.0475 Par Symbol: 125577AQ9 SLM Corp Series MTN 5.125% 08/27/12 5000 Par Value At 0.05125 Par SymboI:78442FA64 Hewlett-Packard Co 5.750% 12/15/06 5000 Par Value At 0.0575 Par Symbo1:428236AE3 Gannett Co 6.375% 04/01/12 5000 Par Value At 0.06375 Par Symbo1:364725AC5 CSX. Corp 6.250% 10/15/08 5000 Par Value At 0.0625 Par Symbo1:126408BR3 FNMA .4.750% 12/15/10 5000 Par Value At 0.0475 Par Symbol: 31359MZL0 Kohls Corporation 6.300% 03/01/11 5000 Par Value At 0.063 Par Symboi: 500255AM6 Target Corp 5.375% 06/15/09 5000 Par Value At 0.05375 Par Symbol: 87612EAJ5 April 01, 2006 To 1~1~1 30, 2006 50.14 45.56 108.61 26.56 13.89 89.72 52.50 101.53 • Account No :80105025 STC 74 EBR2AEl-Accrued Earnings Page 14 • Account Name : Tequesta General Employees Pension April 01, 2006 To Ap~, 2006 Account No : 8015025 Earnings From Investments Accrued Income -Interest Bank of America Corp 7.500% 09/15/06 5000 Par Value At 0.075 Par Symbol: 638585AT6 FHLMC 4.500%O1/15!13 3000 Par Value At 0.045 Par Symbol: 3134A4SA3 U S Treasury Note 4.250% 08/15!13 10000 Par Value At 0.0425 Par Symbo1:912828BH2 FNMA 5.250% 01 /15/09 10000 Par Value At 0.0525 Par Symbol: 31359MEK5 U S Treasury Note 5.500% 05/15/09 10000 Par Value At 0.055 Par Symbol: 912827563 Goldman Sachs Treasury Obligations Fd 34266.01 Par Value At 0.043 Par Symbol: 38141 XXXX Deutsche Bank Financial 7.500% 04/25/09 6000 Par Value At 0.075 Par Symbo1:251529AF0 FHLMC 5.125% 10/15/08 5000 Par Value At 0.05125 Par Symbol:3134A2UJ5 Accrued Income -Interest STC 74 EBR2AE1-Accrued Earnings 47.92 39.75 86.88 154.58 , 252.21 247.07 7.50 11.39 3,031.76 Page 15 • Account Name : Tequesta General Employees Pension April 01, 2006 To~30, 2006 • Account No :80105025 Earnings From Investments Accrued Income -Dividends JP Morgan Chase 8 Co 150 Shares At 0.34 Per Share Symbo1:46625H100 Apache Corp 104 Shares At 0.1 Per Share Symbo1:037411105 Caterpillar Inc • 94 Shares At 0.25 Per Share Symbol: 149123101 Verizon Communications Inc 158 Shares At 0.405 Per Share Symbo1:92343V104 Citigroup Inc 126 Shares At 0.49 Per Share Symbol: 172967101 Washington Mutual Inc 150 Shares At 0.51 Per Share Symbo1:939322103 ATBT Inc 156 Shares At 0.3325 Per Share Symbol: 002068102 Accrued Income -Dividends.. Total Accrued Income 51.00 10.40 23.50 63.99 61.74 76.50 51.87 339.00 3,370.76 STC 74 EBR2AE1-Accrued Earnings Page 16 • ~ Account Name : Tequesta General Employees Pension April 01, 2006 To Ap 2006 Account No : 8015025 Balance Sheet As Of 04/01/2006 As Of 04/30/2006 Cost Value Market Value Cost Value Market Value Cash And Receivables ' Cash 0.00 0.00 0.00 0.00 Due From Broker 0.00 0.00 0.00 0.00 Accrued Income 4,058.59 4,058.59 3,370.76 3,370.76 Total Cash And Receivables 4,058.59 4,058.59 3,370.76 3,370.76 Cash Short Term Investments 70,636.62 70,636.62 34,266.01- 34.266.01 Tolal Cash 70,636.62 70,636.62 34,266.01 34,266.01 Fixed Income U S Government & Agencies 139,789.34 138,179.70 179,971.19 178,052.52 Corporate Obligations 108,010.03 105,882.73. 108,010.03 105,402.89 Total Fixed Income 247,799.37 244,062.43 287,981.22 283,455.41 Equity Equity 347,597.98 385,226.92 347,597.98 394,874.98 Total Equity 347,597.98 385,226.92 347,597.98 394,874.98 Total Holdings 666,033.97 ~ 699,925.97 669,845.21 712,596.40 TOTAL ASSETS 670,092.56 703,984.56 673,215.97 715,967.16 Payables Due To Broker 0.00' -0.00 0.00 0.00 Total Payables 0.00 0.00 0.00 0.00 TOTAL LIABILITIES 0.00 0.00 0.00 0.00 Total Net Asset Value 670,092.56 703,984.56 673,215.97 715,967.16 Total Liabilities And Equity 670,092.56 703,984.56 673,215.97 715,967..16 STC 74 EBR2BLS-Balance Sheet Page 17 • Account Name : Tequesta General Employees Pension Investment Summary Cash Cash Short Term Investments Total Cash Fixed Income U S Government.& Agencies Corporate Obligations Total Fixed Income Equity Equity Total Equity Changes In Investment -Other Total Changes In Investment -Other Realized Gain/Loss On Sales Proceeds Less: Aggregate Carry Value (Market Value) Net Period Accruals Accrued Income Accrued Income Less: Prior Accrued Income Total Accrued Income Investment Summary Total Total Changes In Net Assets STC 74 EBR2S01-Investment Summary a April 01, 2006 To ~30, 2006 Beginning Of Period 0.00 70,636.62 70,636.62 138,179.70 105,882.73 244,062.43 385,226.92 385,226.92 54,920.43 54,931.72 0.00 4,058.59 4,058.59 3 703,984.56 Ending Of Period 0.00 34,266.01 34,266.01 178,052.52 105,402.89 283,455.41 394,874.98 394,874.98 0.00 3,370.76 3,370.76 S 715,967.16 • Account No :80105025 Investment Change 0.00 -297.74 -479.84 -777.58 9,648.06 9,648.06 0.00 -11.29 3, 370.76 4,058.59 -687.83 3 8,171.36 Page 18 • •Account Name : Tequesta General Employees Pension Summary of Receipts 1.1 Contributions Employer Contributions Employee Contributions Other Contributions Total Earnings From Investments ' 1.2 Interest 1.3 Dividends 1.4 Pooled Funds Total Total Receipts Summary of Disbursements 2.1 Distribution Of Benefits Total 2.2 Other Distributions Wire Transfer Total 2.3 Administration Expenses Fees And Commissions Total 2.4 Other Expenses Total Total Disbursements STC 74 EBR2SOR-Summary of Receipts April 01, 2006 To Apr~2006 4,153.18 5,050.00 0.00 1, 899.72 348.33 0.00 9,203.18 2,248.05 $ 11,451.23 o.oo -7,300.00 -7,300.00 -339.99 -339.99 0.00 -7,639.99 Account No : 805 Page 19 ,,,~,~ I • April 01, 2006 To ~30, 2006 Account Name : Tequesta General Employees Pension Contributions .Employer Contribution 04/10/2006 Employer Contribution PPE 01!01/06 04/21/2006 Employer Contribution PPE 04/15/06 ,Total Employer Contribution Employee Contributions 04/10/2006 Employee Contributions PPE 04/01 /06 04/21/2006 Employee Contributions PPE 04/15/06 Total Employee Contributions Total Cash Contributions • Account No :80105025 128.84 4,024.34 4,153.18 2, 500.77 2,549.23 5,050.00 9,203.18 Page 20 STC 74 EBR2COR-Contributions 8 Other Receipts • April 01, 2006 To Ap• 2006 Account No : 8 25 Account Name : Tequesta General Employees Pension Other. Receipts STC 74 EBR2COR-Contributions 8 Other Receipts s No Data Qualifies Page 21 • Account Name : Tequesta General Employees Pension April 01, 2006 To ~30, 2006 • Account No :80105025 Distribution Of Benefits No Data Qualifies STC 74 EBR2DAE-Distribution 8 Expenses ~ ,Page 22 • April 01, 2006 To Ap~ 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Other Disbursements Wire Transfer 04/25/2006 To : Village of Tequesta General -7,300.00 Independent Community Bank ABA #067014440 A/C #0-838-3 Total Wire Transfer ~ -7,300.00 Total Other Distributions -7,300.00 STC 74 EBR2DAE-Distribution 8 Expenses Page 23 • Account Name : Tequesta General Employees Pension Administrative Expenses April 01, 2006 To it 30, 2006 • Account No :80105025 Fees And Commissions 04/10/2006 To : Activity Salem Trust Company 04/10/2006 To : Market Salem Trust Company Based On The Market Value Of :699,925.97 Tota Fees And Commissions Total Administrative Expenses -270.00 -69.99 -339.99 -339.99 STC 74 E8R2DAE-Distribution 8 Expenses Page 24 • Account Name : Tequesta General Employees Pension Other Expenses April 01, 2006 To A~, 2006 No Data Qualifies Account No : 80'f05025 STC 74 EBR2DAE-Distribution 8 Expenses rage co • Account Name : Tequesta General Employees Pension Transactions Date Description * * * Starting Balances 04/03/2006 Dividend Payable On 04/03!2006 Burlington Northern Santa Fe Corp 117 Shares At 0.20 04/03/2006 Dividend Payable On 04/03/2006 Hartford Financial Svcs Grp 74 Shares At 0.40 04/03/2006 Dividend Payable On 04/03/2006. McKesson HBOC Inc 120 Shares At 0.06 04/03/2006 Dividend Payable On 04/01/2006 PPL Corporation 207 Shares At 0.275 04/03/2006 Interest Bristol=Myers Squibb 5.750% 10/01/11 Payable On 04/01/2006 Received On 5000 Units 04/03/2006 Interest Gannett Co 6.375% 04/01/12 Payable On 04/01/2006 Received On 5000 Units 04/03/2006 Interest Goldman Sachs Treasury Obligations Fd Payable On 03/31/2006 April 01, 2006 To ril 30, 2006 Income $ 0.00 143.75 159.38 231.42 • Account No :80105025 Principal S 0.00 23.40 29.60 7.20 56.93 STC 74 LARGE FONT -Transactions (2 coq - NEWTRNH Page 26 • April 01, 2006 To Ap~ 2006 Account No . 825 Account Name :Tequesta General Employees Pension Transactions Date Description 04/03/2006 Interest U S Treasury Note 4.000% 09/30/07 Payable On 03/31/2006 Received On 15000 Units 04/04/2006 Dividend Payable On 04/04/2006 Kimberly-Clark Corp 95 Shares At 0.49 04/10/2006 Dividend Payable On 04/10/2006 Altria Group Inc 76 Shares At 0.80 ' 04/10/2006 ~ Activity Fee Schedule: 104 STC - $10 Security/$3 Rec Per Pymt 04/10/2006 Market Value Fee Based On A Market Value: 699,925.97 04/10/2006 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta PPE 01/01/06 04/10/2006 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta PPE 04/01/06 04/13/2006. Maturity 04/13/2006 On 7,000.00 Units U S Treasury Bill 04/13/06 04/13/2006 Maturity -Interest 04/13/2006 On 7000 Units U S Treasury Bill 04/13/06 04/13/2006 Purchased On 04/12/2006 7000 Units U S Treasury Bill 05/11!06 Income Principal 300.00 46.55 60.80 -270.00 -69.99 128.84 2,500.77 6,979.96 20.04 -6,975.28 Page 27 STC 74 LARGE FONT- Transactions (2 col) - NEWTRNH • Account Name : Tequesta General Employees Pension Transactions Date Description 7000 Units At $ 4.54 Per Unit Through Mizuho Securities USA 04/14/2006 Dividend Payable On 04/14/2006 Motorola Inc 280 Shares At 0.04 04/17/2006 Interest FHLMC 5.125% 10/15/08 Payable On 04/15/2006 Received On 5000 Units ' 04/17/2006 Interest Goldman Sachs 5.250% 10/15/13 Payable On 04/15/2006 Received On 5000 Units .04/17/2006. Dividend Payable On 04/15/2006 Sempra Energy A 135 Shares At 0.30 04/17/2006 Interest FNMA 5.000% 04/15/15 Payable On 04/15/2006 Received On 3000 Units 04/17/2006 Interest Lowes Companies Inc 5.000% 10/15/15 Payable On 04/15/2006 Received On 5000 Units 04/17/2006 Interest HSBC Finance Corp 5.250% 04/15/15 Payable On 04/15/2006 Received On 5000 Units STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH A ril 01 2006 To A~30, 2006 P • Account No :80105025 Income Principal 11.20 128.13 131..25 40.50 75.00 131.25 131.25 Page 28 • April 01, 2006 To Ap•, 2006 Account Name :Tequesta General Employees Pension • Account No :80105025 ~'ransactions Income Principal Date Description 318.75 04/17/2006 Interest U S Treasury Note 4.250% 10/15/10 Payable On 04/15!2006 Received On 15000 Units 156.25 04/17/2006 Interest CSX Corp 6.250% 10/15/08 Payable On 04/15/2006 Received On 5000 Units 206.25 04/19/2006 Interest FHLB Series 580 4.125% 10/19/07 s Payable On 04/19/2006 ' Received On 10000 Units 13.90 04/20/2006 Dividend Payable On 04/19/2006 Quest Diagnostics 139 Shares At 0.10 4,024.34 04/21/2006 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta PPE 04/15/06 2,549.23 04/21/2006 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta PPE 04/15/06 225.00 04/25/2006 Interest Deutsche Bank Financial 7.500% 04/25/09 Payable On 04/25/2006 Received On 6000 Units -7,300.00 04/25/2006 Scheduled Cash Disbursement Wire Transfer Paid To :Village of Tequesta General STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 29 • Account Name : Tequesta General Employees Pension Transactions Date ' Description Independent Community Bank ABA #067014440 A/C #0-838-3 04/28!2006 Dividend Payable On 04/28/2006 Dow Chemical At 0.375 118 Shares 04/28/2006 Dividend Payable On 04/28/2006 Bear Stearns Companies Inc 50 Shares At 0.28 04/28/2006 Purchased On 04/27/2006 5000 Units FHLMC 4.875% 11/15/13 5000 Units At $ 97.20 Per Unit Through First Tennessee Bank Natl Assn 04/28/2006 Purchase Accrued Interest FHLMC 4.875% 11/15/13 To 04/28/2006 04/28/2006 Purchased On 04/27/2006 10000 Units FHLMC 5.750% 03/15/09 10000 Units At $ 101.53 Per Unit Through First Tennessee Bank Natl Assn 04/28/2006 Purchase Accrued Interest FHLMC 5.750% 03/15/09 To 04/28!2006 04/28/2006 Purchased On 04/27/2006 10000 Units FHLMC 5.750% 04/15/08 10000 Units At $ 101.12 Per Unit Through First Tennessee Bank Natl Assn 04/28/2006 Purchase Accrued Interest FHLMC 5.750% 04/15/08 To 04/28/2006 STC 74 LARGE FONT -Transactions (2 col) - NEVYTRNH April 01, 2006 To A~30, 2006 • Account No :80105025 Income Principal 44.25 14.00 -4,860.00 -110.36 10,153.00 -68.68 -10,112.00 -20.76 Page 30 • Account Name : Tequesta General Employees Pension Transactions Date Description 04/28/2006 Purchased On 04/27/2006 10000 Units U S Treasury Note 5.500% 05/15/09 10000 Units At $ 101.695312 Per Unit Through Mizuho Securities USA 04/28/2006 Purchase Accrued Interest U S Treasury Note 5.500% 05/15/09 To 04/28/2006 04/28/2006 Purchased On 04/27/2006 5000 Units FNMA 5.000% 04/15/15 5000 Units At $ 97.84 Per Unit Through First Tennessee Bank Natl Assn 04/28/2006 Purchase Accrued Interest FNMA 5.000% 04/15/15 To 04/28/2006 April 01, 2006 To A~, 2006 • Account No :80105025 Income Principal -10,169.53 -249.17 -4.892.00 -9.03 Short Term Investment Summary 04/01/2006 To 04/30/2006 8 Purchase(s) For 0.00 -11,569.86 3 Sale(s) For 0.00 47,940.47 * * * Ending Balances * * * $ 0.00 $ 0.00 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 31 • • 30 2006 April 01, 2006 To Ap , Account Name : Tequesta General Employees Pension Gain (Loss) On Sale Of Assets Prior Period Ending Market Value (Aggregate Cost Basis) Goldman Sachs Treasury Obligations Fd 47,940.47 The Amount Shown Is The Net Of Withdrawls For The Entire Period U S Treasury Bill 04/13/06 6,991.25 Matured Per Value Trade Date :04/13/2006 Settlement Date :04/13/2006 Total Gain (Loss) On Sales 54,931.72 a STC 74 EBR2GLS~Gain(Loss) on Sale of Asset • Account No :80105025 Proceeds Gain/(Loss) 47,940.47 0.00 6,979.96 -11.29 54,920.43 -11.29 Page 32 Account Name : Tequesta General Employees Pension April 01, 2006 To A{~, 2006 • Account No :80105025 List Of Assets Cash Short Term Investments Goldman Sachs Treasury Obligations Fd 34266.01 Par Value Total Short Term Investments Fixed Income U S Government & Agencies FHLB 10000 Par Value FHLB Series 580 10000 Par Value FHLMC 10000 Par Value FHLMC 5000 Par Value FHLMC ' 3000 Par Value FHLMC 5000 Par Value FHLMC .10000 Par Value FNMA 7000 Par Value FNMA 8000 Par Value FNMA 5000 Par Value FNMA 10000 Par Value Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PrICe 0.00 0.00 0.00 34,266.01 1.00 34,266.01 0.00 34,266.01 34,266.01 0.00 4.875% 11/15/2006 9,984.38 0.998125 9,981.25 -3.13 4.125% 10/19/2007 9,856.25 0.985313 9,853.13 -3.12 5.750% 03/15/2009 10,153.00 1.015625 10,156.25 3.25 5.125% 10/15/2008 5,007.81 0.999376 4,996.88 -10.93 4.500% 01/15/2013 2,882.81 0.954377 2,863.13 -19.68 4.875% 11/15/2013 4,860.00 0.9725 4,862.50 2.50 5.750% 04/15/2008 10,112.00 1.01125 10,112.50 0.50 5.500% 03/15/2011 7,100.63 1.009063 7,063.44 -37.19 5.000% 04/15/2015 7,861.06 0.97875 7,830.00 -31.06 4.750% 12/15/2010 4,914.06 0.979062 4,895.31 -18.75 5.250% 01/15/2009 10,040.63 1.0025 10,025.00 -15.63 STC 74 EBR2LOA-List of Assets Page 33 Account Name : Tequesta General Employees Pension -List Of Assets U S Treasury Bill - 7000 Par Value U S Treasury Note 15000 Par Value U S Treasury Note 15000 Par Value U S Treasury Note 20000 Par Value U S Treasury Note 10000 Par Value U S Treasury Note 15000 Par Value U S Treasury Note 10000 Par Value U S Treasury Note 5000 Par Value Total U S Government 8 Agencies Corporate Obligations Avon Products 5000 Par Value ' Bank of America Corp 5000 Par Value Bank One Corp 5000 Par Value Bristol-Myers Squibb 5000 Par Value Capital One Bank 5000 Par Value Carolina Power & Light 5000 Par Value April 01, 2006 To A~30, 2006 Prior Period Ending Market Value (Aggregate Market Value) 05/11!2006 4.250% 10115!2010 4.000% 09/30/2007 4.125% 08/15/2008 4.250% 08/15/2013 3.500% 11/15/2006 5.500% 05/15/2009 4.250% 08/15/2015 4.625% 05/15!2013 7.500% 09/15/2006 5.900% 11/15/2011 5.750% 10/01/2011 5.750% 09/15/2010 6.800% 08/15/2007 6,975.28 14,648.44 14,817.19 19,712.50 9,618.75 14,873.44 10,169.53 4,762.50 178,350.26 4,694.96 5,051.23 5,081.54 5,054.95 5,043.57 5,08721 Current Market Unit Price Current Market Value 0.99875 6,991.25 0.973437 .14,601.56 0.987813 14,817.19 0.985 19,700.00 0.954063 9,540.63 0.992187 14,882.81 1.017813 10,178.13 0.940312 4,701.56 178,052.52 0.932148 4,660.74 1.008184 5,040.92 1.012448 5,062.24 1.006466 5,032.33 1.006526 5,032.63 1.016034 5,080.17 • Account No :80105025 Unrealized Gain/(Loss) 15.97 -46.88 0.00 -12.50 -78.12 9.37 8.60 -60.94 -297.74 -34.22 -10.31 -19.30 -22.62 -10.94 -7.04 Page 34 STC 74 EBR2LOA-List of Assets • Account Name : Tequesta General Employees Pension List Of Assets CIT Group Inc Series MTN 5000 Par Value Countrywide Home Loan 5000 Par Value CSX Corp 5000 Par Value Deutsche Bank Financial 6000 Par Value Gannett Co 5000 Par Value Goldman Sachs 5000 Par Value Hewlett-Packard Co 5000 Par Value HSBC Finance Corp 5000 Par Value Kohls Corporation 5000 Par Value Lehman Brothers Hldg Ser MTN 5000 Par Value Lowes Companies Inc 5000 Par Value Merrill Lynch 8 Co 5000 Par Value SLM Corp Series MTN 5000 Par Value Target Corp 5000 Par Value Wachovia Bank NA 5000 Par Value April 01, 2006 To Ap~ 2006 Prior Period Ending Market Value (Aggregate Market Value) 4.750% 08/15!2008 4,934.78 5.625% 07/15/2009 5,012.97 6.250% 10!15/2008 5,106.16 7.500% 04/25/2009 6,352.79 6.375% 04/01 /2012 5,143.67 5.250% 10/15/2013 4,867.73 5.750% 12/15!2006 5,016.05 5.250% 04/15/2015 4,814.84 6.300% 03/01/2011 5,150.15 5.,000% 01/14/2011 4,898.53 5.000% 10/15/2015 4,814.48 4.250% 09/14/2007 4,926.17 5.125% 08/27/2012 4,861.39 5.375% 06/15/2009 5,018.47 5.600% 03/15/2016 4,951.09 Current Current Market Unit Market Value Price 0.986174 4,930.87 1.002658 5,013.29 1.018066 5,090.33 1.055878 6,335.27 1.022922 5,114.61 0.96563 4,828.15 1.002558 5,012.79 0.950368. 4,751.84 1.025338 5,126.69 0.977122 4,885.61 0.94904 4,745.20 0.984552. 4,922.76 0.967552 4,837.76 1.002678 5,013.39 0.97706 4,885.30 Account No : 825 Unrealized Gain/(Loss) -3.91 0.32 -15.83 -17.52 -29.06 -39.58 -3.26 -63.00 -23.46 -12.92 -69.28 -3.41 -23.63 -5.08 -65.79 Page 35 STC 74 EBR2LOA-List of Assets • ~ w ___...a ~~~..~,. T..... .....~.. /^_........,1 Cmnlnunnc Dnncinn A ril 01, 2006 To ril 30, 2006 • P Account No :80105025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PrICe Total Corporate Obligations Equity Equity Altria Group Inc 76 Shares Amdocs Ltd 210 Shares- Apache Corp 104 Shares Applied Materials Inc 290 Shares ATBT Inc 156 Shares Bank Of America Corp 134 Shares Bear Stearns Companies Inc 50 Shares Becton Dickinson & Co 70 Shares Burlington Northern Santa Fe Corp 90 Shares Capital Bancorp Ltd 140 Shares Caterpillar Inc 94 Shares Central Europe & Russia Fund 95 Shares Che4ron Corp 112 Shares 105,882.73 105,402.89 -479.84 5,385.36 73.16 5,560.16 174.80 7,572.60 37.20 7,812.00 239.40 6,813.04 71.04 7,388.16 575.12 5,077.90 17.95 5,205.50 127.60 4,218.24. 26.21 4,088.76 -129.48 6,102.36 49.92 6,689.28 586.92 6, 935.00 142.51 7,125.50 190.50 4,310.60 63.04 4,412.80 102.20 7,499.70 79.53. 7,157.70 -342.00 6,545.00 41.47 5,805.80 -739.20 6,750.14 75.74 7,119.56 369.42 4,619.85 53.25 5,058.75 438.90 6.492.64 61.02 6,834.24 341.60 STC 74 EBR2LOA•List of Assets Page 36 • Account Name : Tequesta General Employees Pension. List Of"Assets CIT Group Inc 130 Shares Citigroup Inc 126 Shares ConocoPhillips 55 Shares Diodes Inc Com 180 Shares Dow Chemical 118 Shares DR Horton Inc 206 Shares Eaton Corp 100 Shares Fiserv Inc 149 Shares Gardner Denver Machy Inc Com 64 Shares Hartford Financial Svcs Grp 74 Shares .Hummingbird Communications 220 Shares Intel Corp 240 Shares International Business Machines Corp 81 Shares iShares MSCI Australia Index 160 Shares iShares MSCI Austria Index 150 Shares April 01, 2006 To A~, 2006 Prior Period Ending Market Value (Aggregate Market Value) 6,957.60 5,950.98 3,473.25 7,470.00 4,790.80 6,843.32 7,297.00 6,339.95 4,172.80 5,960.70 5,222.80 4,670.40 6,680.07 3,203.20 4,666.50 Current Current Market Unit Market Value Price 54.01 7,021.30 49.95 6,293.70 66.90 3,679.50 40.74 7,333.20 40.61 4,791.98 30.02 6,184.12 76.65 7,665.00 45.07 6,715.43 74.53 4,769.92 91.93 6,802.82 24.67 5,427.40 19.98 4,795.20 82.34 6,669.54 21.94 3,510.40 32.92 4,938.00 Account No :801'05025 , Unrealized Gain/(Loss) 63.70 342.72 206.25 -136.80 1.18 -659.20 368.00 375.48 597.12 842.12 204.60 124.80 -10.53 307.20 271.50 Page 37 STC 74 EBR2LOA-List o/Assets • Account Name ; Tequesta General Employees Pension April 01, 2006 To~30, 2006 • Account No :80105025 List Of Assets a Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price iShares MSCI Brazil 60 Shares iShares MSCI EAFE Index Fund 70 Shares iShares MSCI Japan Index Fd 305 Shares iShares MSCI Mexico 85 Shares. iShares MSCI Netherlands Index 100 Shares iShares MSCI South Korea Index 70 Shares iShares MSCI Sweden Index Fd -135 Shares iShares MSCI United Kingdom 160 Shares Jarden Corp Com 188 Shares Johnson 8 Johnson 109. Shares Johnson Controls Inc 102 Shares JP Morgan Chase & Co 150 Shares Kimberly-Clark Corp 95 Shares Labor Ready Inc Com 309 Shares Marathon Oil Corp 109 Shares 2,397.00. 44,25 2,655.00 258.00 4,544.40 68.03 4,762.10 217.70 4,392.00 14.80 4,514.00 122.00 3,258.90 40.50 3,442.50 183.60 2,263.00 23.54 2,354.00 91.00 3,265.50 49.60 3,472.00 206.50 3,477.60 27.25 3,678.75 201.15 3,225.60 21.45 3,432.00 206.40 6,175.80 34.00 6,392.00 216.20 6,454.98 58.61 6,388.49 -66.49 7,744.86 81.55 8,318.10 573.24 6,246.00 45.38 6,807.00 561.00 5,491.00 58.53 5,560.35 69.35 7,400.55 26.43 , 8,166.87 766.32 . 8,302.53 79.36 8,650.24 347.71 STC 74 EBR2LOA-List of Assets Page 38 • Account Name : Tequesta General Employees Pension April 01, 2006 To Ap~, 2006 Account No : 80'fu5025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price • McKesson HBOC Inc 6,255.60 48.59 5,830.80 -424.80 120 Shares 04 372 2 35.44 2,339.04 -33.00 Men's Wearhouse Inc Com . , 66 Shares 7 207.13 52.10 7,762.90 555.77 MetLife Inc , 149 Shares Morgan Stanley India Investment Fund 3,750.00 50.50 3,787.50 37.50 75 Shares Motorola Inc 6,414.80 21.35 5,978.00 -436.80 280 Shares Nordstrom Inc 6,268.80 38.33 6,132.80 -136.00 160 Shares Pantry Inc Com 7,299.63 66.19 7;744.23 444.60 117 Shares Pepsi Bottling Group Inc 5,895.66 32.10 6,227.40 331.74 194 Shares Portalplayer Inc Com 3,823.56 11.05 1,900.60 -1,922.96 172 Shares PPG Industries Inc 5,828.20 67.12 6,175.04 346.84 92 Shares PPL Corp 6,085.80 29.04 6,011.28 -74.52 207 Shares Quest Diagnostics 7,130.70 55.73 7,746.4T 615.77 139 Shares • Selective Insurance Group 6,095.00 55.66 6,400..90 305.90 115 Shares Sempra Energy 6,272.10 46.02 6,212.70 -59.40 135 Shares Sierra Health Services 5,087.50 39.21 4,901.25 -186.25 125 Shares STC 74 EBR2LOA-List of Assets Page 39 • Account Name : Tequesta General Employees Pension April 01, 2006 To~l 30, 2006 • Account No :80105025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit. Market Value Gain/(Loss) (Aggregate Market Value) Price SUPERVALU Inc 175 Shares Turkish Investment Fund 90 Shares United Technologies Corp 135 Shares Valero Energy Corp 130 Shares Verizon Communications Inc 158 Shares VF Corp 117 Shares Wachovia Corp 117 Shares Washington Mutual Inc 150 Shares Wellpoint Inc 94 Shares Wyeth 149 Shares Total Equity TOTAL INVESTMENTS MARKET VALUE TOTAL ACCRUED INCOME NET ASSETS 5,393.50 29.01 5,076.75 -316.75 2,290.50 24.86 2,237.40 -53.10 7,825.95 62.81 8,479.35 653.40 7,771.40 64.74 8,416.20 644.80 5,381.48 33.03 5,218.74 -162.74 6,657.30 61.19 7,159.23 501.93 6,557.85 59.85 7,002.45 444.60 6,393.00 45.06 6,759.00 366.00 7,278.42 71.00 6,674.00 -604.42 7,229.48 48.67 7,251.83 22.35 385,226.92 394,874.98 9,648.06 703,725.92 712,596.40 8,870.48 3,370.76 3,370.76 707,096.68 715,967.16 8,870.48 ~ STC 74 EBR2LOA-List of Assets Page 40 • Account Name : Tequesta General Employees Pension Brokerage Commissions Broker Name April 01, 2006 To A~, 2006 Non-Directed No. of Trades Commission Amt No Brokerage Commissions Qualify STC 74 EBR28RC-Broker Commissions • Account No :80105025 Directed No. of Trades Commission Amt Page 41 SALEM T~ST COMPANY Statement of Account May 1, 2006 Through May 31,2006 Salem Trust Company As Custodian For Village Of Tequesta General Employees Pension Plan Account Number :80105025 ACCOUNT MANAGER Karen Russo 954-426-5770 Confidential And Privileged Information ~~~ `<~~'F C~~ R'~S O,c~ ~~~ Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • May 01, 2006 To ~1, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Net Asset Summary Net Assets Beginning 05/01/2006 $ 715,967.16 1.0 Summary Of Receipts 1.1 Cash Contributions i3 286 99 L2 - 1.4 Earnings from Investments . f 164 ~f Total Receipts 15,051.30 2.0 Summary Of Disbursements 2.1 Distribution Oi Benefits 0.00 2.2 Other Distributions ? ?00 00 2.3 Administration Expenses 0 UO 2.4 Other Expenses 0 00 Total Disbursements -2,200.00 3.0 Changes In Net Assets 3.1 Unrealized Gain (Loss) -15,594.84 3.2 - 3.3 Changes In Investments 0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 63, 556.25 Less: Aggregate Carry Value (Market Value) 63,572.22 Total Gain/Loss ---_ -15.97 3.5 Accrued Income -Interest 3,057.37 3.6 Accrued Income -Dividend 628.57 Total Accrued income 3,685.94 Less: Prior Accrued Income .3.370 76 Total Changes In Net Assets -15,295.63 Net Assets Ending 05/31/2006 $ 713,522.83 STC 74 EBR2NAS-Net Asset Summary Page 2 • May 01, 2006~ay 31, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Changes In Investments Investments Acquired Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Deposits For The Entire Period Altria Group Inc Purchased 14 Shares At 71.36 Per Share Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker. Lynch Jones & Ryan AT&T Inc Purchased 48 Shares At 25.37 Per Share Trade Date :05/23/2006 Settlement Date :05126/2006 Broker: Lynch Jones 8 Ryan Bank Of America Corp Purchased 16 Shares At 48.64 Per Share Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan Bear Stearns Co Inc Purchased 6 Shares At 129.09 Per Share Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker Lynch Jones & Ryan Cato Corp Purchased 175 Shares At 22.1676 Per Share Trade Date 05/23/2006 Settlement Date :05/26/2006 Broker Lynch Jones & Ryan Citigroup Inc Purchased 22 Shares At 48.96 Per Share Trade Date :05/2312006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan Dow Chemical Purchased 34 Shares At 40.06 Per Share Trade Date :05/23/2006 Settlement Date 05/26/2006 Broker: Lynch Jones & Ryan Market Basis 15,341.94 999.74 1,220.16 779.04 774.84 3,888.08 1,078.22 1,363.74 STC 74 EBR2ClA-Changes in Investments Page 3 • May 01, 2006 To 1111, 2006 • Account Name : Tequesta General Employees Pension Changes In Investments Investments Acquired Ensco International Inc Purchased 74 Shares At 49.21 Per Share Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan FHLMC Gold Pool #C90939 5.500% 12/01/25 Purchased 14645.64Par Value At 97.421875 Trade Date :05/1712006 Settlement Date :05/22/2006 Broker: Morgan Keegan FNMA Pass Thru Pool #884093 6.000% 05/01/36 Purchased 15000 Par Value At 99.078125 Trade Date :05/17/2006 Settlement Date :05/22/2006 Broker: First Tennessee Bank Natl Assn Global Imaging Systems Inc Com Purchased 166 Shares At 39.5345 Per Sh are Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan Hartford Financial Svcs Grp Purchased 10 Shares At 89.17 Per Share Trade Date :05/23/2006 Settlement Date : 05!26/2006 Broker: Lynch Jones & Ryari Ingersoll-Rand Co - CI A Purchased 72 Shares At 44.7271 Per Share Trade Date :05/23/2006 Settlement Date : 05/26/2006 Broker: Lynch Jones & Ryan JP Morgan Chase & Co Purchased 20 Shares At 42,5 Per Share Trade Date :05/23/2006 Settlement Date : 05/26/2006 Broker: Lynch Jones & Ryan PPL Corp Purchased 17 Shares At 29.51 Per Share Trade Date :05/23/2006 Settlement Date : 05/26!2006 Broker: Lynch Jones & Ryan Market Basis 3,645.24 14,268.06 14,861.72 6,571.03 892.20 3,223.95 851.00 502.52 Account No :80105025 STC 74 EBR2CIA-Changes in Investments Page 4 • May 01, 2006~ay 31, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Changes In Investments Investments Acquired Market Basis Selective Insurance Group 1,211.12 Purchased 23 Shares At 52.6075 Per Sha re Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan Sempra Energy 493.68 Purchased 11 Shares At 44,83 Per Share Trade Date :05/23/2006 Settlement Date :05/26/2006 Broker: Lynch Jones & Ryan Sierra Health Services 619.50 Purchased 15 Shares At 41.25 Per Share Trade Date :05123/2006 Settlement Date : 05/26/2006 Broker: Lynch Jones & Ryan SUPERVALU Inc 1,044.40 Purchased 35 Shares At 29.79 Per Share Trade Date :05/23/2006 Settlement Date : 05/26/2006 Broker: Lynch Jones & Ryan U S Treasury Bill 06/15/06 6,973.02 Purchased 7000 Par Value At 99.614583 Trade Date :05/15/2006 Settlement Date : 05/16/2006 Broker: Zions Banks Capital Market Group Washington Mutual Inc 363.44 Purchased 8 Shares At 45.38 Per Share Trade Date :05/23/2006 Settlement Date : 05/26/2006 Broker: Lynch Jones & Ryan Tota/ l~rvestmenls Acquired 80, 966.64 5 r L 74 EHRZCIA-Changes in Investments Page 5 • May 01, 2006 To M~1, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Changes In Investments Market Basis No Stock Dividends /Splits And Other Changes Qualify STC 74 EBR2CIA-Changes in Investments Page 6 • May 01, 2006~ay 31, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Interest U S Treasury Note 5.500% 05/15/09 05/15!2006 Rate 2.75 Payable 05/15/2006 On 10000.00 Par Symbol: 912827563 U S Treasury Note 3.500% l1/15/06 05/15/2006 Rate 1.75 Payable 05!15!2006 On 15000.00 Par Symbo1:9128277F3 FHLB 4.875% 11/15/06 05/15/2006 Rate 2.4375 Payable 05/15/2006 On 10000.00 Par Symbol: 3133MKED5 Bank One Corp 5.900% 11/15/11 05/15/2006 Rate 2.95 Payable 05/15/2006 On 5000.00 Par Symbol: 06423AA06 FHLMC 4.875% 11/15/i3 05/15/2006 Rate 2.4375 Payable 05/15/2006 On 5000.00 Par Symbol: 3134A4UK8 Goldman Sachs Treasury Obligations Fd 05/01 /2006 Symbol: 38141XXXX Avon Products 4.625% 05/15/13 05/15/2006 Rate 2.3125 Payable 05/15/2006 On 5000.00 Par Symbol: 054303A05 275.00 275.00 262.50 262.50 243.75 243.75 147.50 147.50 121.88 121.88 247.07 247.07 115.63 STC 74 EBR2EF1•Earnings from Investments Page 7 • Account Name : Tequesta General Employees Pension Earnings From Investments Interest May 01, 2006 To ~1, 2006 • Account No :80105025 115.63 U S Treasury Bill 05/11/06 05/11/2006 Rate 0 Payable 05/11/2006 On 7000.00 Par 24 72 Symbol: 912795X62 U S Treasury Bill 06/15/06 05/22/2006 5.15 Symbol: 912795XG1 FHLMC Gold Pool #C90939 5.500% 12/01/25 05/22/2006 Accrued Interest On Purchase -46.99 Symbol: 3128P7BG7 FNMA Pass Thru Pool #884093 6.000% 05/01/36 05/22/2006 Accrued Interest On Purchase -52.50 Symbol 314106GA6 24.72 5.15 -46.99 -52.50 Tota/ Inleresl 1,343.71 STC 74 EBR2EF1-Earnings from Investments Page 8 • May 01, 200(~1ay 31, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Earnings From Investments Dividends Apache Corp 05/22/2006 104 Shares At 0.1 Per Share 10.40 Symbol: 037411105 AT&T Inc 05/01/2006 156 Shares At 0.3325 Per Share 51.87 Symbol: 002068102 Caterpillar inc 05/22/2006 94 Shares At 0.25 Per Share 23.50 Symbol: 149123101 CIT Group Inc 05/30/2006 130 Shares At 0.2 Per Share 26.00 Symbol: 125581108 Citigroup Inc 05/26/2006 126 Shares At 0.49 Per Share 61.74 Symbol: 172967101 DR Horton Inc 05/19/2006 206 Shares At 0.1 Per Share 20.60 Symbo1:23331A109 Eaton Corp 05/26/2006 100 Shares At 0.35 Per Share 35.00 Symbol 278058102 STC 74 EBR2EFI-Earnings from Investments 10.40 51.87 23.50 26.00 61.74 20.60 35.00 Page 9 • May 01, 2006 To Ma 1, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Earnings From Investments Dividends JP Morgan Chase & Co 05/01/2006 150 Shares At 0.34 Per Share Symbol: 46625H100 Verizon Communications Inc 05/01/2006 158 Shares At 0.405 Per Share Symbo1:92343V104 Washington Mutual Inc 05/15/2006 150 Shares At 0.51 Per Share Symbol 939322103 51.00 63.99 76.50 Total Dividend 51.00 63.99 76.50 420.60 I STC 74 E8R2EF1-Earnings /rom Investments Page 10 May 01, 2006~ay 31, 2006 Account e : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Pooled Funds No Data Qualifies Total Earnings Paid STC 74 EBR2EFl-Earnings from investments 1,764.31 Page 11 • May 01, 2006 To MMMM~1, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Interest Target Corp 5.375% 06/15/09 5000 Par Value At 0.05375 Par Symbol: 87612EAJ5 FNMA 5.000% 04/15/15 8000 Par Value At 0.05 Par Symbol: 31359MA45 Carolina Power & Lig ht 6.800% 08/15/07 5000 Par Value At 0.068 Par Symbol: 144141 CH9 FHLMC 4.875% 11/15713 5000 Par Value At 0.04875 Par Symbol. 3134A4UK8 FHLMC 5.750% 04/15/08 10000 Par Value At 0.0575 Par Symbol. 3134A2DT2 Countrywide Home Loan 5.625% 07/15/09 5000 Par Value At 0.05625 Par Symbol. 22237LMY5 Bristol-Myers Squibb 5.750% 10/01/11 5000 Par Value At 0.0575 Par Symbol: 110122AG3 Bank of America Corp 7.500% 09/15/06 5000 Par Value At 0.075 Par Symbol: 638585AT6 123.92 51.11 100.11 10.83 73.47 106.25 47.92 79.17 I STC 74 EBR2AEl-Accrued Earnings Page 12 Account~e : Tequesta General Em to ees P P y ension Earnings From Investments Accrued Income -interest Bank One Corp 5.900% 11/15/11 5000 Par Value At 0.059 Par Symbol: 06423AAQ6 U S Treasury Note 4.250% 08/15/13 10000 Par Value At 0.0425 Par Symbol: 9128286H2 FNMA 5.500% 03/15/11 7000 Par Value At 0.055 Par Symbol: 31359MHK2 Goldman Sachs Group Inc 5.250% 10/15/13 5000 Par Value At 0.0525 Par Symbol: 38141 GDQ4 FHLMC Gold Pool #C90939 5.500% 12/01/25 14645.64 Par Value At 0.055 Par Symbol: 3128P7BG7 FNMA Pass Thru Pool #884093 6.000% 05/01/36 15000 Par Value At 0.06 Par Symbol: 314106GA6 FNMA 4.750% 12/15/10 5000 Par Value At 0.0475 Par Symbol: 31359MZL0 Lehman Brothers Hidg Ser MTN 5.000% 01/14/11 5000 Par Value At 0.05 Par Symbol: 52517PD57 STC 74 EBR2AEl-Accrued Earnings May 01, 200~ay 31, 2006 13.11 123.27 81.28 33.54 67.13 75.00 109.51 111.11 • Account No :80105025 Page 13 • May 01, 2006 To ~1, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments. Accrued Incom e -Interest Deutsche Bank Financial 7.500% 04/25/09 6000 Par Value At 0.075 Par Symbo1:251529AF0 Wachovia Bank NA 5.600% 03/15/16 5000 Par Value At 0.056 Par Symbol: 92976GAE1 U S Treasury Note 4.125% 08/15/08 20000 Par Value At 0.04125 Par Symbol: 912828EC0 U S Treasury Note 4.250% 08/15/15 5000 Par Value At 0.0425 Par Symbol. 912828EE6 Avon Products 4.625% 05/15/13 5000 Par Value At 0.04625 Par Symbol: 054303At25 Merrill Lynch & Co 4.250% 09/14/07 5000 Par Value At 0.0425 Par Symbol: 59018YWD9 FHLMC 5.750% 03/15/09 10000 Par Value At 0.0575 Par Symbol: 3134A3EM4 U S Treasury Note 4.000% 09/30!07 15000 Par Value At 0.04 Par Symbol 912828EH9 STC 74 EBR2AE1-Accrued Earnings 45.00 63.78 239.30 61.64 10.28 45.45 121.39 100.00 Page 14 Account N'aTFie ; Tequesta General Em to p yees Pension Earnings From Investments Accrued Income -Interest Lowes Companies Inc 5.000% 10/15/15 5000 Par Value At 0.05 Par Symbol: 548661 CH8 HSBC Finance Corp 5.250% OA/15/15 5000 Par Value At 0.0525 Par Symbol: 40429CCR1 FHLB Series 580 4.125% 10/19/07 10000 Par Value At 0.04125 Par Symbol; 3133XDCQ2 U S Treasury Note 4.250% 10/15/10 15000 Par Value At 0.0425 Par Symbol 912828EJ5 Capital One Bank 5.750% 09/15/10 5000 Par Value At 0.0575 Par Symbol: 14040EHH8 CIT Group Inc Series MTN 4.750% 08/15/08 5000 Par Value At 0.0475 Par Symbol: 125577AQ9 SLM Corp Series MTN 5.125% 08/27/12 5000 Par Value At 0,05125 Par Symbol: 78442FA64 Hewlett-Packard Co 5.750% 12/15/06 5000 Par Value At 0.0575 Par Symbol: 428236AE3 STC 74 EBR2AEl-Accrued Earnings May 01, 2006~ay 31, 2006 31.94 33.54 48.13 80.12 60.69 69.93 66.91 132.57 • Account No :80105025 Page 15 • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest Gannett Co 6.375% 04/01/12 5000 Par Value At 0.06375 Par Symbol: 364725AC5 CSX Corp 6.250% 10!15/08 5000 Par Value At 0.0625 Par Symbol.. 126408BR3 Kohls Corporation 6.300% 03/01/11 5000 Par Value At 0.063 Par Symbol: 500255AM6 U S Treasury Note 3.500% 11/15/06 15000 Par Value At 0.035 Par Symbo1:9128277F3 FHLB Series TV06 4.875% 11/15/06 10000 Par Value At 0.04875 Par Symbol: 3133MKED5 FHLMC 4.500% 01/15/13 3000 Par Value At 0.045 Par Symbol: 3134A4SA3 FNMA 5.250% 01 /15/09 10000 Par Value At 0.0525 Par Symbol: 31359MEK5 U S Treasury Note 5.500% 05/15/09 10000 Par Value At 0.055 Par Symbol 912827563 STC 74 EBR2AEl-Accrued Earnings May 01, 2006 To ~1, 2006 53.13 39.93 78.75 22.83 21,67 51.00 198.33 23.91 • Account No :80105025 Page 16 • May 01, 200~1ay 31, 2006 • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest FHLMC 5.125% 10/15/08 5000 Par Value At 0.05125 Par Symbol: 3134A2UJ5 GS Financial Sq Trsy Oblig Adm 24840.07 Par Value At 0.0453 Par Sold 05/26/2006 Symbol: 38141 XXXX Accrued Income -Interest 32.74 117.68 Account No :80105025 3,057.37 STC 74 EBR2AEl-Accrued Earnings Page 17 • May 01, 2006 To ~1, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Dividends Hanford Financial Svcs Grp 84 Shares At 0.4 Per Share Symbol: 416515104 Ensco International Inc 74 Shares At 0.025 Per Share Symbol: 26874Q100 SUPERVALU Inc 210 Shares At 0.1625 Per Share Symbol: 868536103 International Business Machines Corp 81 Shares At 0.3 Per Share Symbol: 459200101 Valero Energy Corp 130 Shares At 0.08 Per Share Symbo1:91913Y100 ConocoPhillips 55 Shares At 0.36 Per Share Symbol 208250104 Wachovia Corp 117 Shares At 0,51 Per Share Symbol: 929903102 Chevron Corp 1 12 Shares At 0.52 Per Share Symbo1:166764100 STC 74 EBR2AE1-Accrued Earnings 33.60 1.85 28.44 24.30 10.40 19.80 59.67 58.24 Page 18 Account~e ; Te uesta 9 General Employees Pension Earnings From Investments Accrued Income -Dividends Johnson & Johnson 109 Shares At 0.375 Per Share Symbol: 478160104 Applied Materials Inc 290 Shares At 0.05 Per Share Symbol: 038222105 PPG Industries Inc 92 Shares At 0.48 Per Share Symbot693506107 Wyeth 149 Shares At 0.25 Per Share Symbol: 983024100 Capital Bancorp Ltd 140 Shares At 0.25 Per Share Symbol: 14056D105 Selective Insurance Group 138 Shares At 0.22 Per Share Symbol: 816300107 United Technologies Corp 135 Shares At 0.265 Per Share Symbol: 913017109 Marathon Oil Corp 109 Shares At 0.4 Per Share Symbol: 565849106 STC 74 EBR2AEl-Accrued Earnings May 01, 200~ay 31, 2006 40.88 14.50 44.16 37.25 35.00 25.30 35.78 43.60 • Account No :80105025 Paqe 19 • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Dividends Intel Corp 240 Shares At 0.1 Per Share Nordstrom Inc Bank of America Corp Symbo1:458140100 160 Shares At 0.105 Per Share Symbol: 655664100 150 Shares At 0.5 Per Share Symbol: 060505104 Accrued Income -Dividends Total Accrued Income May 01, 2006 To M~, 2006 24.00 16.80 75.00 3,685.94 Account No :80105025 628.57 I S7C 74 EBR2AEI-Accrued Earnings Page 20 Account~e : Tequesta General Emplo ees Pension Y 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 8 Agencies Corporate Obligations Govt MBS/CMO/ABS Total Fixed /ncome Equity Equity Total Equity Total Holdings TOTAL ASSETS Payables Due To Broker Total Payables TOTAL LIAB/L/T/ES Total Net Asset Value Total Linbi/ides And Equity STC 74 EBR28LS-Balance Sheet May 01, 200~ay 31, 2006 As Of 05/01/2006 Cost Value Market Value 0.00 0.00 0.00 0.00 3,370.76 3,370.76 3,370.76 3,370.76 34, 266.01 34, 266.01 34,266.01 34,266.01 179, 971.19 178 , 052.52 108, 010.03 105, 402.89 0.00 0.00 287,981.22 283,455.41 347,597.98 394,874.98 347,597.98 394,874.98 669, 845.21 712, 596.40 673,215.97 715,967.16 0.00 0.00 0.00 0.00 0.00 0.00 673,215.97 715,967.16 673,215.97 715,967.16 • Account No :80105025 As Of 05/31/2006 Cost Value Market Value -4,559.09 0.00 3,685.94 -873.15 0.00 0.00 172,995.91 108,010.03 29,129.78 310,135.72 377,119.88 377,119.88 687,255.60 686,382.45 -4,559.09 0.00 3,685.94 -873.15 0.00 0.00 170,513.14 104,991.71 29,070.07 304,574.92 409,821.06 409,821.06 714,395.98 713,522.83 0.00 0.00 0.00 0.00 0.00 0.00 686,382.45 713,522.83 686,382.45 713,522.83 Page 21 • Account Name : Tequesta General Employees Pension May 01, 2006 To Ma~, 2006 Account No :80105025 Investment Summary Beginning Ending Investment Of Period Of Period Change Cash Cash Total Cash Fixed Income U S Government & Agencies Corporate Obligations Govt MBS/CMO/ABS Total Fixed income Equity Equity Total Equity Changes In Investment -Other Total Changes In Investment -Other Realized Gain/Loss On Sales Proceeds Less: Aggregate Carry Value (Market Value) ISet Period Accruals Accrued Income Accrued Income Less: Prior Accrued Income Total Accrued Income lnvestntent Summary Tota! Total Changes In Nel Assets 0.00 -4,559.09 0.00 -4,559.09 0.00 178,052.52 170,513,14 -548,13 105,402.89 104,991.71 -411.18 29,070.07 -59.71 283,455.41 304,574.92 -1,019.02 394,874.98 409,821.06 -14,575.82 394,874.98 409,821.06 -14,575.82 0.00 63,556.25 63, 572.22 0.00 0.00 -15.97 3,370.76 3,685.94 3,685.94 3,370.76 3,370.76 3,685.94 315.18 S 681,701.15 $ 713,522.83 $ -15,295.63 I STC 74 EBR2S01-Investment Summary Page 22 • May 01, 200t~ay 31, 2006 Account Mme : Te uesta General Em to ees Pen i 9 p y son • Account No :80105025 Summary of Receipts I.1 Contributions Employer Contributions Employee Contributions Other Contributions Total Earnings From investments 1.2 Interest 1.3 Dividends 1.4 Pooled Funds Total Total Receipts Summary of Disbursements 2.1 Distribution Of Benefits Total 2.2 Other Distributions Miscellaneous Disbursement Total 2.3 Administration Expenses Fees And Commissions Total 2.4 Other Expenses Total Total Disbursements STC 74 EBR2SOR-Summary o/Receipts 8,200.09 5, 086.90 0.00 1, 343.71 420.60 0.00 13,286.99 1, 764.31 $ 15,051.30 0.00 -2,200.00 -2,200.00 0.00 o.oo -2, 200.00 Page 23 Account Name : Tequesta General Employees Pension Contributions May 01, 2006 To Ma~, 2006 Employer Contribution 05!05/2006 Employer Contribution PPE 04/29/06 05/19/2006 Employer Contribution PPE 05/13/06 Total Employer Contrihutlon Employee Contributions 05/05/2006 Employee Contributions PPE 04/29/06 05/19/2006 Employee Contributions PPE 05/13/06 Total Employee Contributions Total Cash Contributions 4,113.10 4,086.99 2,551.55 2,535.35 • Account No :80105025 8,200.09 5,086.90 13,286.99 S TC 74 EBR2COR-Contributions & Other Receipts Page 24 May 01, 200~ay 31, 2006 • Account ame : Tequesta General Employees Pension Other Receipts STC 74 EBR2COR-Contributions 6 OtherReceipts No Data Qualifies Account No :80105025 Page 25 • May 01, 2006 To M~ , 2006 • Account Name : Tequesta General Employees Pension Distribution Of Benefits STC 74 E8R2DAE-Distribution 8 Expenses No Data Qualifies Account No :80105025 Page 26 Account~e :Tequesta General Employees Pension Other Disbursements Miscellaneous Disbursement 05/25/2006 To Village of Tequesta Requested in letter dated 05/24/06 Total Miscellaneous Disbursement Total Other Distributions STC 74 EBR2DAE-Distribution & Expenses May 01, 200~ay 31, 2006 2,200.00 -2, 200.00 -2,200.00 Account No :80105025 Page 27 • May 01, 2006 To M~, 2006 • Account Name : Tequesta General Employees Pension Administrative Expenses No Data Qualifies Account No :80105025 STC 74 EBR2DAE-Distribution 8 Expenses Page 28 May 01, 200~i1ay 31, 2006 • Account~e : Tequesta General Em to p yees Pension Other Expenses No Data Qualifies STC 74 EBR20AE-Distribution & Expenses Account No :80105025 Page 29 • May 01, 2006 To Ma~ 2006 • Account Name :Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal * * * Starting Balances 05/01 /2006 Dividend Payable On 05/01/2006 Verizon Communications Inc 158 Shares At 0.405 05/01!2006 Dividend Payable On 04/30/2006 JP Morgan Chase & Co 150 Shares At 0.34 05/01/2006 Dividend Payable On 05/01/2006 AT&T Inc 156 Shares At 0.3325 05/01 /2006 Interest Goldman Sachs Treasury Obligations Fd Payable On 04!30/2006 05/05/2006 Scheduled Cash .Deposit Employer Contribution Received From :Village of Tequesta PPE 04/29/06 05/05/2006 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta PPE 04/29/06 05/11/2006 Maturity 05/11/2006 On 7,000.00 Units U S Treasury. Bill 05/11/06 05/11/2006 Maturity -Interest 05/11/2006 On 7000 Units U S Treasury Bill 05/11/06 $ 0.00 $ 0.00 63.99 51.00 51.87 247.07 4,113.10 2,551.55 6,975.28 24.72 STC 74 LARGE FONT -Transactions (2 coQ - NEWTRNH Page 30 Account tdame : Te uesta q General Employees Pension Transactions Date Description 05/15/2006 Dividend Payable On 05/15/2006 Washington Mutual Inc 150 Shares At 0.51 05/15/2006 Interest U S Treasury Note 5.500% 05/15/09 Payable On 05/15/2006 Received On 10000 Units 05/15/2006 Interest U S Treasury Note 3.500% 11/15/06 Payable On 05/15/2006 Received On 15000 Units 05/15/2006 Interest FHLB 4.875% 11/15/06 Payable On 05/15/2006 Received On 10000 Units 05/15/2006 Interest Bank One Corp 5.900% 11/15/11 Payable On 05/15/2006 Received On 5000 Units 05/15/2006 Interest FHLMC 4.875% 11/15/13 Payable On 05/15/2006 Received On 5000 Units 05/15!2006 Interest Avon Products 4.625% 05/15/13 Payable On 05/15/2006 Received On 5000 Units 05/16/2006 Purchased On 05/15/2006 7000 Units U S Treasury Bill 06/15/06 7000 Units At $ 99.614583 Per Unit S TC 74 LARGE FONT -Transactions (2 co/) - NEVYTRNH May 01, 200~ay 31, 2006 • Account No :80105025 Income Principal 76.50 275.00 262 50 243.75 147.50 121.88 115.63 -6,973.02 Page 37 • May 01, 2006 To Ma 1, 2006 • Account Name :Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal Through Zions Banks Capital Market Group 05/19/2006 Dividend 20.60 Payable On 05/19/2006 DR Horton Inc 206 Shares At 0.10 05/19/2006 Scheduled Cash Deposit 4,086.99 Employer Contribution Received From :Village of Tequesta PPE 05/13/06 05/19/2006 Scheduled Cash Deposit 2,535.35 Employee Contributions Received From :Village of Tequesta PPE 05/13!06 05/22/2006 Dividend 23.50 Payable On 05/20/2006 Caterpillar Inc 94 Shares At 0.25 05/22/2006 Dividend 10.40 Payable On 05/22/2006 Apache Corp 104 Shares At 0.10 05/22/2006 Sold On 05/17/2006 7000 Units 6,973.02 U S Treasury Bill 06/15/06 7000 Units At $ 99.6882 Through Zions Banks Capital Market Group 05/22/2006 Sell -Interest 5.15 U S Treasury Bill 06/15/06 Payable On 05/17/2006 Received On 7000 Units 05/22/2006 Purchased On 05/17/2006 14645.64 Units -14,268.06 FHLMC Gold Pool #C90939 5.500% 12/01/25 14645.64 Units At $ 97.421875 Per Unit STC 74 LARGE FONT -Transactions (2 colt - NEWTRNH Page 32 • May 01, 200~ay 31, 2006 Account Name :Tequesta General Employees Pension • Account No :80105025 Transactions Date Description Through Morgan Keegan 05/22/2006 Purchase Accrued Interest FHLMC Gold Pool #C90939 5.500% 12/01/25 To 05/22/2006 05/22/2006 Purchased On 05/17/2006 15000 Units FNMA Pass Thru Pool #884093 6.000% 05/01/36 15000 Units At $ 99.078125 Per Unit Through First Tennessee Bank Natl Assn 05/22/2006 Purchase Accrued Interest FNMA Pass Thru Pool #884093 6.000% 05/01/36 To 05/22/2006 05/25/2006 Cash Disbursement Miscellaneous Disbursement Paid To :Village of Tequesta Requested in letter dated 05/24/06 05/26/2006 Dividend Payable On 05/26/2006 Eaton Corp 100 Shares At 0.35 05/26/2006 Dividend Payable On 05/26/2006 Citigroup Inc 126 Shares At 0.49 05/26/2006 Purchased On 05/23/2006 16 Units Bank Of America Corp 16 Units At $ 48.64 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 6 Units Bear Stearns Co Inc 6 Units At $ 129.09 Per Unit Through Lynch Jones & Ryan S TC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Income Principal -46.99 -14,861.72 -52.50 -2,200.00 35.00 61.74 -779.04 -774.84 Page 33 • Account Name : Tequesta General Employees Pension May 01, 2006 To Ma~ 2006 • Account No :80105025 Transactions Date Description Income Principal 05/26/2006 Purchased On 05/23/2006 175 Units -3,888.08 Cato Corp 175 Units At $ 22.1676 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 22 Units -1,078.22 Citigroup Inc 22 Units At $ 48.96 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 34 Units -1,363.74 Dow Chemical 34 Units At $ 40.06 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 74 Units -3,645.24 Ensco International Inc 74 Units At $ 49.21 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 166 Units -6,571.03 Global Imaging Systems Inc Com 166 Units At $ 39.5345 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 20 Units -851.00 JP Morgan Chase & Co 20 Units At $ 42.50 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 10 Units -892 20 Hartford Financial Svcs Grp 10 Units At $ 89.17 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 17 Units -502.52 PPL Corp 17 Units At $ 29.51 Per Unit Through Lynch Jones 8 Ryan STC 74 LARGE FONT • Transactions (2 col) - NEVYTRNH Page 34 Account Name May 01, 200~ay 31, 2006 : Tequesta General Employees Pension • Account No :80105025 Transactions Date Description Income Principal 05/26/2006 Purchased On 05/23/2006 15 Units Sierra Health Services -619.50 15 Units At $ 41.25 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 11 Units Sempra Energy -493.68 11 Units At $ 44.83 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 23 Units Selective Insurance Group -1,211.12 23 Units At $ 52.6075 Per Unit Through Lynch Jones ~ Ryan 05/26/2006 Purchased On 05/23/2006 35 Units SUPERVALU Inc -1,044.40 35 Units At $ 29.79 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 8 Units Washington Mutual Inc -363.44 8 Units At $ 45.38 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 48 Units AT&T Inc -1,220.16 48 Units At $ 25.37 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 14 Units Altria Group Inc -999.74 14 Units At $ 71.36 Per Unit Through Lynch Jones & Ryan 05/26/2006 Purchased On 05/23/2006 72 Units Ingersoll-Rand Co -CIA -3,223.95 72 Units At $ 44.7271 Per Unit Through Lynch Jones & Ryan STC 74 LARGE FONT -Transactions (2 col) • NEWTRNH Page 35 • Account Name : Tequesta General Employees Pension May 01, 2006 To M~ , 2006 • Account No :80105025 Transactions Date Description Income Principal 05/30/2006 Dividend Payable On 05/30/2006 CIT Group Inc 130 Shares At 0.20 5 Purchase(s) For 4 Sale(s) For * * * Ending Balances 26.00 0.00 -15, 341.94 0.00 49,607.95 $ 0.00 $ -4,559.09 Short Term Invesfineni Summary 05/01/2006 To 05/31/2006 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 36 • Account Name : Tequesta General Employees Pension Gain (Loss) On Sale Of Assets GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Wifhdrawls For The Entire Period U S Treasury Bill 05/11/06 Matured Per Value Trade Date :05/11/2006 Settlement Date :05/11/2006 U S Treasury Bill 06/15/06 Sold 7000 Par Value At 99.69 Per ,Less Expenses Trade Date 05/17/2006 Settlement Date :05/22/2006 Broker: Zions Banks Capital Market Group Tota! Gain (Loss) On Sales STC 74 EBR2GLS-Gain(Loss) on Sale of Asset May 01, 200~ay 31, 2006 Prior Period Ending Market Valne (Aggregate Cost Basis) 49,607.95 6,991.25 6,973.02 63,572.22 • Account No :80105025 Proceeds Cain/(Loss) 49,607.95 0.00 6,975.28 -15.97 6, 973.02 0.00 63,556.25 _15.87 Page 37 • Account Name : Tequesta General Employees Pension List Of Assets CASH Fixed Income U S Government & Agencies FHLB Series 580 10000 Par Value FHLB Series T1/06 10000 Par Value FHLMC 5000 Par Value FHLMC 10000 Par Value FHLMC 5000 Par Value FHLMC 10000 Par Value FHLMC 3000 Par Value FNMA 7000 Par Value FNMA 8000 Par Value FNMA 5000 Par Value FNMA 10000 Par Value May 01, 2006 To M~1, 2006 Prior Period Current Current Ending Market Value Market Unit Market Value (Aggregate Market Value) Price -4,559.09 -4,559.09 -4,559.09 x,559.09 • Account No :80105025 Unrealized Gain/(Loss) 0.00 0.00 4.125% 10/19/2007 9,853.13 0.984063 9,840.63 -12.50 4.875% 11/15/2006 9,981.25 0.998125 9,981.25 0.00 5.125% 10/15/2008 4,996.88 0.995312 4,976.56 -20.32 5,750% 03/15/2009 10,156.25 1.010625 10,106.25 -50.00 4.875% 11/15/2013 4,862.50 0.967812 4,839.06 -23.44 5.750% 04/15/2008 10,112.50 1.0075 10,075.00 -37.50 4.500% 01/15/2013 2,863.13 0.950313 2,850.94 -12.19 5.500% 03/15/2011 7,063.44 1.004063 7,028.44 -35.00 5.000% 04!15/2015 7,830.00 0.972188 7,777.50 -52.50 4,750% 12/15/2010 4,895.31 0.974688 4,873.44 _21.87 5.250% 01/15/2009 10,025.00 0.998125 9,981.25 -43.75 STC 74 EBR2LOA-List o/Assets Page 38 • Account Name : Tequesta General Employees Pension May 01, 200~11ay 31, 2006 Account No :80105025 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 5.500% 05/15/2009 10,178.13 1.013438 10,134.38 -43.75 10000 Par Value U S Treasury Note 3.500% 11/15/2006 14,882.81 0.992813 14,892.19 9 3g 15000 Par Value U S Treasury Note 4.125% 08/15/2008 19,700.00 0.982188 19,643.75 -56.25 20000 Par Value U S Treasury Note 4.250% 08/15/2015 4,701.56 0.935938 4,679.69 -21.87 5000 Par Value U S Treasury Note 4.250% 10/15/2010 14,601.56 0.969687 14,545.31 -56.25 15000 Par Value U S Treasury Note 4.250% 08/15/2013 9,540.63 0.949375 9,493.75 -46.88 10000 Par Value U S Treasury Note 4.000% 09/30/2007 14,817.19 0.98625 14,793.75 -23.44 15000 Par Value Total U S Government 8 Agencies 171,061.27 170,513.14 -548.13 Corporate Obligations Avon Products 4.625% 05/15/2013 4,660.74 0.928244 4,641.22 -19.52 5000 Par Value Bank of America Corp 7.500% 09/15/2006 5,040.92 1.005864 5,029.32 -11.60 5000 Par Value Bank One Corp 5.900% 11/15/2011 5,062.24 1.007098 5,035.49 -26.75 5000 Par Value Bristol-Myers Squibb 5.750% 10/01/2011 5,032.33 1.00187 5,009.35 -22.98 5000 Par Value Capital One Bank 5.750% 09/15/2010 5,032.63 1.001252 5,006.26 -26.37 5000 Par Value Carolina Power & Light 6.800% 08/15/2007 5,080.17 1.013718 5,068.59 -11.58 5000 Par Value CIT Group Inc Series MTN 4.750% 08/15/2008 4,930.87 0.983202 4,916.01 -14.86 5000 Par Value STC 74 EBR2LOA-List of Assets Page 39 • Account Name : Tequesta General Employees Pension List Of Assets May 01, 2006 To Ma~ 2006 Prior Period Current Ending Market Value Market Unit (Aggregate Market Value) Price • Account No :80105025 Current Unrealized Market Value Gain/(Loss) Countrywide Home Loan 5.625% 07/15/2009 5,013.29 0.998522 4,992.61 -20.68 5000 Par Value CSX Corp 6,250% 10/15/2008 5,090 33 1.013718 5,068.59 -21.74 5000 Par Value Deutsche Bank Financial 7.500% 04/25/2009 6,335.27 1.049198 6,295.19 -40,08 6000 Par Value Gannett Co 6.375% 04/01/2012 5,114.61 1.018254 5,091.27 -23.34 5000 Par Value Goldman Sachs Group Inc 5 250% 10/15/2013 4,828.15 0.961058 4,805.29 -22.86 5000 Par Value Hewlett-Packard Co 5.750% 12/15/2006 5,012.79 1.002086 5,010.43 -2.36 5000 Par Value HSBC Finance Corp 5.250% 04/15/2015 4,751.84 0.94585 4,729.25 -22.59 5000 Par Value Kohls Corporation 6.300% 03/01/2011 5,126.69 1.023254 5,116.27 -10.42 5000 Par Value Lehman Brothers Hldg Ser MTN 5.000% 01/14/2011 4,885.61 0.97304 4,865.20 -20.41 5000 Par Value Lowes Companies Inc 5.000% 10/15/2015 4,745.20 0.945958 4,729.79 -15,41 5000 Par Value Merrill Lynch ~ Co 4.250% 09/14/2007 4,922.76 0.982676 4,913.38 -9.38 5000 Par Value SLM Corp Series MTN 5.125% 08/27/2012 4,837.76 0.963636 4,818.18 -19.58 5000 Par Value Target Corp 5.375% 06/15/2009 5,013.39 0.997798 4,988.99 -24.40 5000 Par Value Wachovia Bank NA 5.600% 03/15/2016 4,885.30 0.972206 4,861.03 -24,27 5000 Par Value Total Corporate Obligations 105,402.89 104,991.71 -411.18 Govt MBS/CMO/ABS STC 74 EBR2LOA-List of Assets Page 40 • Account Name : Tequesta General Employees Pension List Of Assets FHLMC Gold Pool #C90939 14645.64 Par Value FNMA Pass Thru Pool #884093 15000 Par Value Total Govt MBSlCMO/ABS Equity Equity Altria Group Inc 90 Shares Amdocs Ltd 210 Shares Apache Corp 104 Shares Applied Materials Inc 290 Shares AT&T Inc 204 Shares Bank of America Corp 150 Shares Bear Stearns Co Inc 56 Shares Becton Dickinson & Co 70 Shares Burlington Northern Santa Fe Corp 90 Shares Capital Bancorp Ltd 140 Shares Caterpillar Inc 94 Shares STC 74 EBR2LOA-List of Assets May 01, 200~ay 31, 2006 Prior Period Ending Market Value (Aggregate Market Value) 14,268.06 14,861.72 29,129.78 • Account No :80105025 Current Current Unrealized Market Unit Market Value Gain/(Loss) Price 0,973124 14,252.03 -16.03 0.987869 14,818.04 -43.68 29,070.07 -59.71 5.500% 12/01/2025 6.000% 05/01/2036 6,559.90 72.35 6,511.50 -48.40 7,812.00 37.47 7,868.70 56.70 7,388.16 64.88 6,747.52 -640.64 5, 205.50 16.91 4, 903.90 -301.60 5,308.92 26.06 5,316.24 7.32 7,468.32 48.40 7,260.00 -208.32 7,900.34 133.75 7,490.00 -410.34 4,412.80 60.43 4,230.10 -182.70 7,157.70 77.41 6,966.90 -190.80 5,805.80 40.96 5,734.40 -71.40 7,119.56 72.95 6,857.30 -262.26 Page 41 • Account Name : Tequesta General Employees Pension List Of Assets May 01, 2006 To Ma~ 2006 • Account No :80105025 Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) PrICe Cato Corp 3,888.08 23.59 4,128.25 240.17 175 Shares Central Europe & Russia Fund 5,058.75 46.95 4,460.25 -598.50 95 Shares Chevron Corp 6,834.24 59.79 6,696.48 -137.76 112 Shares CIT Group Inc 7,021.30 51.40 6,682.00 -339.30 130 Shares Citigroup Inc 7,371.92 49.30 7,296.40 -75.52 148 Shares ConocoPhillips 3,679.50 63.29 3,480.95 -198.55 55 Shares Diodes Inc 7,333.20 35.61 6,409.80 -923,40 180 Shares Dow Chemical 6,155.72 39.87 6,060.24 -95.48 152 Shares DR Horton Inc 6,184.12 26.36 5,430.16 -753.96 206 Shares Eaton Corp 7,665,00 73.54 7,354.00 -311.00 100 Shares Ensco International Inc 3,645.24 49.99 3,699.26 54.02 74 Shares Fiserv Inc 6,715.43 43.15 6,429.35 -286.08 149 Shares Gardner Denver Machy Inc 4,769.92 75.46 4,829.44 59.52 64 Shares Global Imaging Systems Inc 6,571.03 40.95 6,797.70 226.67 166 Shares Hartford Financial Svcs Grp 7,695.02 87.94 7,386.96 -308.06 84 Shares STC 74 EBR2LOA-List of Assets Page 42 • May 01, 200~ay 31, 2006 • Account Name : Tequesta General Employees Pension Accou nt No :80105025 List Of Assets Prior Period Current Current Unrealized F,nding Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price Hummingbird Communications 5,427.40 27.89 6,135.80 708.40 220 Shares Ingersoll-Rand Co -CIA 3,223.95 43,61 3,139.92 -84.03 72 Shares Intel Corp 4,795.20 18.02 4,324.80 -470.40 240 Shares International Business Machines Corp 6,669.54 79.90 6,471.90 -197.64 81 Shares iShares MSCI Australia Index 3,510.40 20.80 3,328.00 -182.40 160 Shares iShares MSCI Austria Index 4,938.00 30.73 4,609.50 -328.50 150 Shares iShares MSCI Brazil 2,655.00 36.95 2,217.00 -438.00 60 Shares iShares MSCI EAFE Index Fund 4,762.10 65.43 4,580.10 -182.00 70 Shares iShares MSCI Japan Index Fd 4,514.00 14.00 4,270.00 -244.00 305 Shares iShares MSCI Mexico 3,442.50 35.97 3,057.45 -385.05 85 Shares iShares MSCI Netherlands Index 2,354.00 22.50 2,250.00 -104.00 100 Shares iShares MSCI South Korea Index 3,472.00 45.30 3,171.00 -301.00 70 Shares iShares MSCI Sweden Index Fd 3,678.75 25.33 3,419.55 -259.20 135 Shares iShares MSCI United Kingdom 3,432.00 20.88 3,340.80 -91.20 160 Shares Jarden Corp 6,392.00 30.04 5,647.52 -744.48 188 Shares STC 74 EBR2LOA-List o/Assets Page 43 • Account Name : Tequesta General Employees Pension May 01, 2006 To M~ , 2006 • Account No :80105025 List Of Assets Prior Period Ending Market Value (Aggregate Market Valuc) Current Market Unit PI'ICe Current Market Value Unrealized Cain/(Loss) Johnson & Johnson 6,388.49 60.22 6,563.98 175.49 109 Shares Johnson Controls Inc 8,318.10 85.17 8,687.34 369.24 102 Shares JP Morgan Chase & Co 7,658.00 42.64 7,248.80 -409.20 170 Shares Kimberly-Clark Corp 5,560.35 60.67 5,763.65 203.30 95 Shares Labor Ready Inc 8,166.87 23.15 7,153.35 -1,013.52 309 Shares Marathon Oil Corp 8,650.24 75.05 8,180.45 -469.79 109 Shares McKesson HBOC Inc 5,830.80 49.50 5,940.00 109.20 120 Shares Men's Wearhouse Inc 2,339.04 33.87 2,235.42 -103.62 66 Shares MetLife Inc 7,762.90 51.47 7,669.03 -93.87 149 Shares Morgan Stanley India Investment Fund 3,787.50 43.45 3,258.75 -528.75 75 Shares Motorola Inc 5,978.00 21.09 5,905.20 -72.80 280 Shares Nordstrom Inc 6,132.80 36.83 5,892.80 -240.00 160 Shares Pantry Inc 7,744.23 57.80 6,762.60 -981.63 117 Shares Pepsi Bottling Group Inc 6,227.40 31.34 6,079.96 -147.44 194 Shares Portalplayer Inc 1,900.60 10.05 1,728.60 -172.00 172 Shares STC 74 EBR2LOA-List of Assets Page 44 • May 01, 200~VIay 31, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Valuc) Price PPG Industries Inc 6,175.04 64.34 5,919.28 -255.76 92 Shares PPL Corp 6,513.80 29.77 6,668.48 154.68 224 Shares Quest Diagnostics 7,746.47 55.74 7,747.86 1.39 139 Shares Selective Insurance Group 7,612.02 54.50 7,521.00 -91.02 138 Shares Sempra Energy 6,706.38 44.97 6,565.62 -140.76 146 Shares Sierra Health Services 5,520.75 41 20 5,768.00 247.25 140 Shares SUPERVALU Inc 6,121.15 29.16 6,123.60 2.45 210 Shares Turkish Investment Fund 2,237.40 18.66 1,679.40 -558.00 90 Shares United Technologies Corp 8,479.35 62.52 8,440.20 -39.15 135 Shares Valero Energy Corp 8,416.20 61.35 7,975.50 -440.70 130 Shares Verizon Communications Inc 5,218.74 31.21 4,931.18 -287.56 158 Shares VF Corp 7,159.23 62.93 7,362.81 203.58 117 Shares Wachovia Corp 7,002,45 53.50 6,259.50 -742.95 117 Shares Washington Mutual Inc 7,122.44 45.91 7,253.78 131.34 158 Shares Wellpoint Inc 6,674.00 71.58 6,728.52 54.52 94 Shares STC 74 EBR2LOA-List of Assets Page 45 • Account Name : Tequesta General Employees Pension May 01, 2006 To M~, 2006 • Account No :80105025 List Of Assets Wyeth 149 Shares Total Equity TOTAL INVESTMENTS MARKET VALUE TOTAL ACCRUED INCOME NET ASSETS Prior Period Ending Market Value (Aggregate Market Valuc) 7,251.83 424,396.88 725,431.73 3,685.94 729,117.67 Current Current Unrealized Market Unit Market Value Gain/(Loss) Price 45.74 6,815.26 -436.57 409,821.06 -14,575.82 709,836.89 -15,594.84 3,685.94 713,522.83 -15,594.84 ~ STC 74 EBR2LOA-List of Assets Page 46 May 01, 200~VIay 31, 2006 • Account Name : Tequesta General Employees Pension Brokerage Commissions Broker Name Lynch Jones & Ryan Total STC 74 EBR2BRC-Broker Commissions Non-Directed No. of Trades Commission Amt ~ 8 38.30 18 38.30 Account No :80105025 Directed No. of Trades Commission Amt 0 0.00 0 0.00 Page 47 SALEM TR~T COMPANY Statement of Account June 1, 2006 Through June 30, 2006 Salem Trust Company As Custodian For Village Of Tequesta General Employees Pension Plan Account Number :80105025 ACCOUNT MANAGER Karen Russo 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • June 01, 2006 To ~30, 2006 Account Name : Tequesta General Employees Pension Account No :80105025 Net Asset Summary Net Assets Beginning 06/01/2006 S 713,522.83 7.0 Summary Of Receipts 1.1 Cash Contributions 13,576,57 1.2 - 1.4 Earnings from Investments 1 422 89 Total Receipts 14,999.46 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 -1,500.00 Total Disbursements -1,500.00 3.0 Changes In Net Assets 3,1 Unrealized Gain (Loss) 4.508.64 3.2 - 3.3 Changes In Investments 1, 471, 50 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 32,164.88 Less. Aggregate Carry Value (Market Value) 32,883. l0 Total Gain/Loss -718 22 3.5 Accrued Income -Interest 3, 719.39 3.6 Accrued Income -Dividend 353.75 Total Accrued Income 4,073.14 Less: Prior Accrued Income 3,685.94 Total Changes In Net Assets 5,649.12 Net Assets Ending 06/30/2006 S 732,671.41 STC 74 EBR2NAS-Net Asset Summary Page 2 • June 01, 2006 l~e 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Changes In Investments Investments Acquired GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Deposits For The Entire Period Applied Materials Inc Purchased 130 Shares At 16.07 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones ~ Ryan Capital Bancorp Ltd Purchased 20 Shares At 39.2571 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan ConocoPhillips Purchased 65 Shares At 62.89 Per Share Trade Date :06/27/2006 Settlement Date :06/3012006 Broker: Lynch Jones & Ryan Ensco International Inc Purchased 51 Shares At 42.7187 Per Share Trade Date 06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan Ingersoll-Rand Co CI A Purchased 68 Shares At 41.3294 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones 8 Ryan International Business Machines Corp Purchased 9 Shares At 76.58 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones 8 Ryan Komag Inc Purchased 160 Shares At 43.2476 Per Share Trade Date :06/27/2006 Settlement Date :06130/2006 Broker; Lynch Jones & Ryan Market Basis 15,977.68 2,095.60 786.14 4,091.10 2,181.20 2,813.80 689.67 6.927.62 STC 74 EBRZCIA-Changes in Investments Page 3 June 01, 2006 To ~30, 2006 • • Account Name : Tequesta General Employees Pension Changes In Investments Investments Acquired Leggett & Platt Inc Purchased 185 Shares At 24.8585 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones 8 Ryan McKesson HBOC Inc Purchased 20 Shares At 46.6683 Per Share Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan Total Investments Acquired Market Basis 4,608.07 934.37 41,105.25 Account No :80105025 STC 74 EBR2CIA-Changes in Investments age 4 1 • June 01, 2006 T~e 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Changes In Investments Other Changes Market Basis 06/22/2006 Turkish Investment Fund Rights 1,471.50 Received 90 Per rights distribution 06/02/2006 Gardner Denver Machy Inc Stock Split 64 To reflect 2 for 1 stock split Total Stock Dividends Or Splits '1,471.50 STC 74 EBR2CIA-Changes in Investments Page 5 • June 01, 2006 To ~30, 2006 Account Name : Tequesta General Employees Pension Earnings From Investments Interest • Account No :80105025 U S Treasury Note 3.500% 11/15/06 06/05/2006 Accrued Interest On Sale 9.99 Symbol: 9128277F3 9.99 Target Corp 5.375% 06/15/09 06/15/2006 Rate 2.6875 Payable 06/15/2006 On 5000.00 Par 134.38 Symbo1:87612EAJ5 134.38 GS Financial Sq Trsy Oblig Adm 06/01 /2006 117.68 Symbo1:38141XXXX 117.68 Hewlett-Packard Co 5.750% 12/15/06 06/15/2006 Rate 2.875 Payable 06/15/2006 On 5000.00 Par 143.75 Symbol: 428236AE3 143.75 FNMA 4.750% 12/15/10 06/15/2006 Rate 2.375 Payable 06/15/2006 On 5000.00 Par 118.75 Symbol: 31359MZL0 118.75 FHLMC Gold Pool #C90939 5.500% 12/01/25 06/15/2006 Rate 0.45833333 Payable 06/15/2006 On 14645.64 Par 67.13 Symbo1:3128P76G7 67.13 FNMA Pass Thru Pool #884093 6.000% 05/01/36 06/28/2006 Rate 0.5 Payable 06125/2006 On 15000.00 Par 75.00 Symbol: 314106GA6 STC 74 EBR2EFl-Earnings from Investments Page ti • June 01, 2006 T•e 30, 2006 Account Name : Tequesta General Employees Pension Account No :80105025 Earnings From Investments Interest Totallnterest 75.00 666.68 STC 74 EBR2EF1-Earnings from Investments Page 7 • Account Name : Tequesta General Employees Pension Earnings From Investments Dividends Applied Materials Inc 06/08/2006 290 Shares At 0.05 Per Share Symbo1:038222105 Bank of America Corp 06/23/2006 150 Shares At 0.5 Per Share Symbol: 060505104 Becton Dickinson & Co 06/30/2006 70 Shares At 0.215 Per Share Symbo1:075887109 Capital Bancorp Ltd 06/01/2006 140 Shares At 0.25 Per Share Symbol: 14056D105 Cato Corp 06/26/2006 175 Shares At 0.15 Per Share Symbol: 149205106 Chevron Corp 06/12/2006 112 Shares At 0.52 Per Share Symbol: 166764100 ConocoPhillips 06/02/2006 55 Shares At 0.36 Per Share Symbo1:20825C104 June 01, 2006 To ~30, 2006 14.50 75.00 15.05 35.00 26.25 58.24 19.80 14.50 75.00 15.05 35.00 26.25 58.24 19.80 • Account No :80105025 s r c ~a EBR2EFl-Earnings from Investments Page 8 • June 01, 2006 T~e 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Dividends Ensco International Inc 06/15/2006 74 Shares At 0.025 Per Share 1.85 Symbol: 26874Q 100 1.85 Intel Corp 06/01/2006 240 Shares At 0.1 Per Share 24.00 Symbol: 458140100 24.00 International Business Machines Corp 06/12/2006 81 Shares At 0.3 Per Share 24.30 Symbol: 459200101 24.30 Johnson & Johnson 06!13/2006 109 Shares At 0.375 Per Share 40.88 Symbol: 478160104 40.88 Johnson Controls Inc 06/30/2006 102 Shares At 0.28 Per Share 28.56 Symbo1:478366107 28.56 Marathon Oil Corp 06/12/2006 109 Shares At 0.4 Per Share 43.60 Symbol: 565849106 43.60 Nordstrom Inc 06/15/2006 160 Shares At 0.105 Per Share 16.80 Symbol: 655664100 16.80 STC 74 EBR2EF1-Earnings from Investments Page 9 • June 01 2006 T ~ 30 2006 • , o , Account Name : Tequesta General Employees Pension Account No :80105025 Earnings From Investments Dividends Pepsi Bottling Group Inc 06/30/2006 194 Shares At 0.11 Per Share 21.34 Symbol: 713409100 21.34 PPG Industries Inc 06/12/2006 92 Shares At 0.48 Per Share 44.16 Symbol: 693506107 44.16 Selective Insurance Group 06/01/2006 115 Shares At 0.22 Per Share 25.30 Symbol: 816300107 25.30 SUPERVALU inc 06/15/2006 210 Shares At 0.1625 Per Share 34.13 Symbo1:868536103 34.13 United Technologies Corp 06/12/2006 135 Shares At 0.265 Per Share 35.78 Symbol: 913017109 35.78 Valero Energy Corp 06/14/2006 130 Shares At 0.08 Per Share 10.40 Symbol: 91913Y100 10.40 VF Corp 06/20!2006 117 Shares At 0.55 Per Share 64.35 Symbol: 918204108 64.35 STC 74 EBR2EF!-Earnings from Investments Page 10 • June 01, 2006 T~e 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Dividends Wachovia Corp 06/15/2006 117 Shares At 0.51 Per Share 59.67 Symbol: 929903102 59.67 Wyeth 06/01!2006 149 Shares At 0.25 Per Share 37.25 Symbol: 983024100 37.25 Total Dividend 756.21 STC 74 E8R2EFl-Earnings /rom Investments Page 11 • June 01, 2006 To~30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Pooled Funds No Data Qualifies Total Earnings Paid 1,422.89 STC 74 EBR2EFl-Earnings /rom Investments Page 12 • June 01, 2006 T~e 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Interest Deutsche Bank Financial 7.500% 04/25/09 6000 Par Value At 0.075 Par 82.50 Symbol: 251529AF0 Wachovia Bank NA 5.600% 03/15/16 5000 Par Value At 0.056 Par 87.11 Symbol: 92976GAE1 FHLMC Gold Pool #C90939 5.500% 12/01/25 14537.3 Par Value At 0.055 Par 66.63 Symbol: 3128P76G7 U S Treasury Note 4.125% 08/15/08 20000 Par Value At 0.04125 Par 307.67 Symbol: 912828EC0 U S Treasury Note 4.250%08/15/15 5000 Par Value At 0.0425 Par 79.25 Symbol: 912828EE6 Avon Products 4.625% 05/15/13 5000 Par Value At 0.04625 Par 29.55 Symbol: 054303AQ5 Merrill Lynch & Co 4.250% 09/14/07 5000 Par Value At 0.0425 Par 63.16 Symbol: 59018YWD9 FHLMC 5.750% 03!15/09 10000 Par Value At 0.0575 Par 169.31 Symbol: 3134A3EM4 STC 74 EBR2AEl-Accrued Earnings Page 13 • June 01, 2006 To J~30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Interest U S Treasury Note 4.000% 09/30/07 15000 Par Value At 0.04 Par 149.18 Symbol: 912828EH9 Lowes Companies Inc 5.000% 10/15/15 5000 Par Value At 0.05 Par 52.78 Symbol: 548661 CH8 HSBC Finance Corp 5.250% 04/15/15 5000 Par Value At 0.0525 Par 55.42 Symbol: 40429CCR1 FHLB Series 580 4.125% 10/19/07 10000 Par Value At 0.04125 Par 82.50 Symbol: 3133XDC02 U S Treasury Note 4.250% 10/15/10 15000 Par Value At 0.0425 Par 132.38 Symbol: 912828EJ5 Capital One Bank 5.750% 09/15/10 5000 Par Value At 0.0575 Par 84.65 Symbol: 14040EHH8 CIT Group Inc Series MTN 4.750% 08/15/08 5000 Par Value At 0.0475 Par 8972 Symbol: 125577AQ9 SLM Corp Series MTN 5.125% 08/27/12 5000 Par Value At 0.05125 Par 88.26 Symbol: 78442FA64 STC 74 EBR2AEl-Accrued Earnings Page 14 • June 01, 2006 T~e 30, 2006 Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest • Account No :80105025 Hewlett-Packard Co 5.750% 12/15/06 5000 Par Value At 0.0575 Par 12 78 Symbo1:428236AE3 Gannett Co 6.375% 04/01/12 5000 Par Value At 0.06375 Par 79 69 Symbol: 364725AC5 CSX Corp 6.250% 10/15/08 5000 Par Value At 0.0625 Par 65.97 Symbol: 126408683 FNMA 4.750% 12/15/10 5000 Par Value At 0.0475 Par 10.56 Symbol: 31359MZL0 Lehman Brothers Hldg Ser MTN 5.000% 01/14/11 5000 Par Value At 0.05 Par 131.94 Symbo1:52517PD57 KohlsCorporation 6.300%03/01/11 5000 Par Value At 0.063 Par 105.00 Symbol: 500255AM6 Target Corp 5.375% 06/15/09 5000 Par Value At 0.05375 Par 11 94 Symbo1:87612EAJ5 FNMA 5.000% 04/15/15 8000 Par Value At 0.05 Par 84.44 Symbol: 31359MA45 STC 74 EBR2AEi-Accrued Earnings Page 15 • June 01, 2006 To Ju~30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Interest Carolina Power & Light 6.800% 08/15/07 5000 Par Value At 0.068 Par 128.44 Symbol: 144141 CH9 FHLMC 4.875% 11/15/13 5000 Par Value At 0.04875 Par 31.15 Symbol: 3134A4UK8 FHLMC 5.750% 04/15/08 10000 Par Value At 0.0575 Par 121.39 Symbol: 3134A2DT2 Countrywide Home Loan 5.625% 07/15/09 5000 Par Value At 0.05625 Par 129.69 Symbol: 22237LMY5 Goldman Sachs Group Inc 5.250% 10!15/13 5000 Par Value At 0.0525 Par 55.42 Symbol: 38141 GDQ4 Bristol-Myers Squibb 5.750% 10/01/11 5000 Par Value At 0.0575 Par 71.88 Symbol: 110122AG3 Bank of America Corp 7.500% 09/15/06 5000 Par Value At 0.075 Par 110.42 Symbo1:638585AT6 Bank One Corp 5.900% 11/15/11 5000 Par Value At 0.059 Par 37.69 Symbol: 06423AAQ6 STC 74 EBR2AE1-Accrued Earnings Page 16 • June 01, 2006 T~ 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Interest FHLMC 4.500% 01/15/13 3000 Par Value At 0.045 Par Symbol: 3134A4SA3 U S Treasury Note 4.250% 08/15/13 10000 Par Value At 0.0425 Par Symbol: 9128286H2 FNMA 5.500% 03/15/11 7000 Par Value At 0.055 Par Symbol: 31359MHK2 FNMA 5.250% 01 /15109 10000 Par Value At 0.0525 Par Symbol: 31359MEK5 U S Treasury Note 5.500% 05/15/09 10000 Par Value At 0.055 Par Symbo1:9128275G3 FHLMC 5.125% 10/15/08 5000 Par Value At 0.05125 Par Symbol: 3134A2UJ5 U S Treasury Note 3.500% 11/15/06 10000 Par Value At 0.035 Par Symbo1:9128277F3 FHLB Series TV06 4.875% 11115!06 10000 Par Value At 0.04875 Par Symbol: 3133MKED5 62.25 158.49 113.36 242.08 68.75 54.10 43.75 62.29 STC 74 EBR2AEI-Accrued Earnings Page 77 • Account Name : Tequesta General Employees Pension Earnings From Investments Accrued Income -Interest June 01, 2006 To ~30, 2006 • Account No :80105025 GS Financial Sq Trsy Oblig Adm 14683.76 Par Value At 0.0451 Par 30.93 Symbol: 38141 XXXX FNMA Pass Thru Pool #884093 6.000% 05/01/36 14984.16 Par Value At 0.06 Par 74.92 Symbol: 314106GA6 Accrued Income -Interest 3,719.39 STC 74 EBR2AEl-Accrued Earnings Paqe 18 • June 01, 2006 T~ 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Dividends Motorola Inc 280 Shares At 0.05 Per Share 14.00 Symbol: 620076109 Sempra Energy 146 Shares At 0.3 Per Share 43.80 Symbol: 816851109 Hartford Financial Svcs Grp 84 Shares At 0.4 Per Share 33.60 Symbo1:416515104 Altria Group Inc 90 Shares At 0.8 Per Share 72.00 Symbo1:02209S103 McKesson HBOC Inc 140 Shares At 0.06 Per Share 7.20 Symbol: 58155Q103 Dow Chemical 152 Shares At 0.375 Per Share 57.00 Symbo1:260543103 Kimberly-Clark Corp 95 Shares At 0.49 Per Share 46.55 Symbol: 494368103 Burlington Northern Santa Fe Corp 90 Shares At 0.2 Per Share 18.00 Symbo1:12189T104 STC 74 EBR2AE1-Accrued Earnings Page 19 • June 01, 2006 To ~30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Earnings From Investments Accrued Income -Dividends PPL Corp 224 Shares At 0.275 Per Share 61.60 Symbo1:69351T106 Accrued Income -Dividends Tota[Accrued Income 4,073.14 353.75 STC 74 EBR2AEl-Accrued Earnings Page 20 • Account Name : Tequesta General Employees Pension June 01, 2006 T~ 30, 2006 • Account No :80105025 Balance Sheet As Of 06/01/2006 As Of 06/30/2006 Cost Value Market Value Cost Value Market Value Cash And Receivables Cash -4,559.09 -4,559.09 0.00 0.00 Due From Broker 0.00 0.00 0.00 0.00 Accrued Income 3.685.94 3,685.94 4,073.14 4,073.14 Total Cash And Receivables -873.15 -873.15 4,073.14 4,073.14 Cash Short Term Investments 0.00 0.00 14,683.76 14,683.76 Total Cash 0.00 0.00 14,683.76 14,683.76 Fixed Income U S Government & Agencies 172,995.91 170,513.14 168,034.39 165,191.60 Corporate Obligations 108,010.03 104,991.71 108,010.03 104,647.84 Govt MBS/CM0/ABS 29,129.78 29,070.07 29,008.54 28,853.84 Total Fined Income 310,135.72 304,574.92 305,052.96 298,693.28 Equity Equity 377,119.88 409,821.06 371,914.66 415,221.23 Total Equity 377,119.88 409,821.06 371,914.66 415,221.23 Total Holdings 687,255.60 714,395.98 691,651.38 728,598.27 TOTAL ASSETS 686,382.45 713,522.83 695,724.52 732,671.41 Payables Due To Broker 0.00 0.00 0.00 0.00 Total Payables 0.00 0.00 0.00 0.00 TOTAL LIABILITIES o.o0 0.00 0.00 0.00 Total Net Asset Value 686,382.45 713,522.83 695,724.52 732,671.41 Total Liabilities And Equity 686,382.45 713,522.83 695,724.52 732,671.41 STC 74 EBR28LS-Balance Sheet Page 21 June 01, 2006 To J~30, 2006 Account Name : Tequesta General Employees Pension Account No :80105025 Investment Summary Beginning Ending Investment Of Period Of Period Change Cash Cash -4,559.09 0.00 Short Term Investments 14,683.76 Total Cash -4,559.09 14,683.76 0.00 Fixed Income U S Government 8 Agencies 170,513.14 165,191.60 -357.48 Corporate Obligations 104,991.71 104,647.84 -343.87 Govt MBS/CMO/ABS 29,070.07 28,853.84 -95.15 Total Fixed Income 304,574.92 298,693.28 -796.50 Equity Equity 409,821.06 415,221.23 5,305.14 Total Equity 409,821.06 415,221.23 5,305.14 Changes In Investment -Other Total Changes In Investment -Other 1,a71.5o Realized Gain/Loss On Sales Proceeds 32,164.88 Less: Aggregate Carry Value (Market Value) 32,883.10 Net Period Accruals 0.00 0.00 -718.22 Accrued Income Accrued Income 3,685.94 4,073.14 4,073.14 Less: Prior Accrued Income 3,685.94 Total Accrued Income 3,685.94 4,073.14 387.20 Investment Summary Total $ 713,522.83 $ 732,671.41 Total Changes In Net Assets S 5,649.12 STC 74 EBR2S01-Investment Summary Page 22 STC 74 EBR2COR-Confiibutions & Other Receipts Page 24 • June 01, 2006 T~ 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 Other Receipts No Data Qualifies STC 74 EBR2COR-Contributions 8 Other Receipts Page 25 • June 01, 2006 To J~30, 2006 • Account Name : Tequesta General Employees Pension Distribution Of Benefits No Data Qualifies Account No :80105025 STC 74 EBR2DAE-Distribution 8 Expenses Page T6 • June 01, 2006 T~ 30, 2006 Account Name : Tequesta General Employees Pension C7 Account No :80105025 Other Disbursements No Data Quali#ies STC 74 EBR2DAE-Distribution & Expenses Page 27 • June 01, 2006 To ~30, 2006 • Account Name : Tequesta General Employees Pension Administrative Expenses No Data Qualifies Account No :80105025 STC 74 EBR2DAE-Distribution 8 Expenses Paqe 28 Account Name :Tequesta General Employees Pension Other Expenses June 01, 2006 T~ 30, 2006 • Account No :80105025 Miscellaneous Expense 06/12/2006 To : Village Of Tequesta Independent Community Bank A/C #0-838-3 ABA #067014440 Total Miscellaneous Expense Total Other Expenses -1.500.00 -1,500.00 -1,500.00 STC 74 EBR2DAE-Distribution 8 Expenses Page 29 • June 01 2006 To ~30 2006 • , , Account Name : Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal * * * Starting Balances * * * $ 0.00 $ -4,559.09 06/01/2006 Dividend 24.00 Payable On 06/01 /2006 Intel Corp 240 Shares At 0.10 06/01/2006 Dividend 25.30 Payable On 06/01/2006 Selective Insurance Group 115 Shares At 0.22 06!01/2006 Dividend 37.25 Payable On 06/01/2006 Wyeth 149 Shares At 0.25 06/01/2006 Dividend 35.00 Payable On 06/01!2006 Capital Bancorp Ltd 140 Shares At 0.25 06/01 /2006 Interest 117.68 GS Financial Sq Trsy Oblig Adm Payable On 05/31/2006 06/02/2006 Dividend 19.80 Payable On 06/01/2006 ConocoPhillips 55 Shares At 0.36 06/02/2006 Stock Split On 06/01 /2006 - Gardner Denver Machy Inc Units Received 64 New Share Value Is 128 06/05/2006 Sold On 06/02/2006 5000 Units 4,966.21 U S Treasury Note 3.500% 11/15/06 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 30 • June 01, 2006 T~e 30, 2006 Account Name :Tequesta General Employees Pension Transactions Date Description • Account No :80105025 Income Principal 5000 Units At $ 99.324218 Through First Tennessee Bank Natl Assn 06/05/2006 Accrued Interest Received U S Treasury Note 3.500% 11/15/06 Par Value Of 5,000.00 06/05/2006 Scheduled Cash Deposit Employer Contribution Received From :Village of Tequesta PPE 05/27/06 06/05/2006 Scheduled Cash Deposit Employee Contributions Received From :Village of Tequesta PPE 05/27/06 06/08/2006 Dividend Payable On 06/08/2006 Applied Materials Inc 290 Shares At 0.05 06/12/2006 Dividend Payable On 06/10/2006 International Business Machines Corp 81 Shares At 0.30 06/12/2006 Dividend Payable On 06/10/2006 United Technologies Corp 135 Shares At 0.265 06/12!2006 Dividend Payable On 06/12!2006 PPG Industries Inc 92 Shares At 0.48 9.99 4,106.76 2,547.62 14.50 24.30 35.78 44.16 STC 74 LARGE FONT -Transactions (1 col) - NEWTRNH Page 31 • Account Name :Tequesta General Employees Pension June 01, 2006 To ~30, 2006 • Account No :80105025 Transactions Date Description Income Principal 06/12/2006 Dividend 58.24 Payable On 06/12/2006 Chevron Corp 112 Shares At 0.52 06/12/2006 Dividend 43.60 Payable On 06!12/2006 Marathon Oil Corp 109 Shares At 0.40 06/12/2006 Scheduled Cash Disbursement -1,500.00 Miscellaneous Expense Paid To :Village Of Tequesta Independent Community Bank A/C #0-838-3 ABA #067014440 06/13/2006 Dividend 40.88 Payable On 06/13/2006 Johnson & Johnson 109 Shares At 0.375 06/14/2006 Dividend 10.40 Payable On 06/14/2006 Valero Energy Corp 130 Shares At 0.08 06/15/2006 Dividend 1.85 Payable On 06/15/2006 Ensco International Inc 74 Shares At 0.025 06/15/2006 Dividend 16.80 Payable On 06/15/2006 Nordstrom Inc 160 Shares At 0.105 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 32 • June 01, 2006 T~e 30, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal 06/15/2006 Dividend 59.67 Payable On 06!15/2006 Wachovia Corp 117 Shares At 0.51 06/15/2006 Dividend 34.13 Payable On 06/15/2006 SUPERVALU Inc 210 Shares At 0.1625 06/15/2006 Interest 134.38 Target Corp 5.375% 06/15/09 Payable On 06/15!2006 Received On 5000 Units 06/15/2006 Interest 143.75 Hewlett-Packard Co 5.750% 12/15/06 Payable On 06/15/2006 Received On 5000 Units 06/ 15/2006 Interest 118.75 FNMA 4.750% 12/15/10 Payable On 06/15/2006 Received On 5000 Units 06/15/2006 Mortgage Backed -Other Pass Through Principal 108.34 On 06/15/2006 FHLMC Gold Pool #C90939 5.500% 12/01/25 06/15/2006 Mortgage Backed -Other Pass Through Interest 67.13 FHLMC GOId POOI #C90939 5.500% 12/01/25 Payable On 06/15/2006 Received On 14645.64 Units Principal Balance Reduction of 108.340000 STC 74 LARGE FONT - Transactions (2 colt - NEWTRNH Page 33 • June 01, 2006 To~ 30, 2006 Account Name :Tequesta General Employees Pension • Account No :80105025 Trans actions Date Description Income Principal 06/19/2006 Scheduled Cash Deposit 4,272.04 Employer Contribution Received From :Village of Tequesta PPE 06/10/06 06/19/2006 Scheduled Cash Deposit 2,650.15 Employee Contributions Received From :Village of Tequesta PPE 06/10/06 06/20/2006 Dividend 64.35 Payable On 06/19/2006 VF Corp 117 Shares At 0.55 06/22/2006 Free Receipt 90 Units Turkish Investment Fund Rights Per rights distribution 06/23/2006 Dividend 75.00 Payable On 06/23/2006 Bank of America Corp 150 Shares At 0.50 06/26/2006 Dividend 26.25 Payable On 06/26/2006 Cato Corp 175 Shares At 0.15 06/28/2006 Mortgage Backed -Other Pass Through Principal 15.84 On 06/25/2006 FNMA Pass Thru Pool #884093 6.000% 05/01/36 06/28/2006 Mortgage Backed -Other Pass Through Interest 75.00 FNMA Pass Thru Pool #884093 6.000% 05/01/36 Payable On 06/25/2006 Received On 15000 Units STC 74 LARGE FONT -Transactions (2 col) - NEVYTRNH Page 34 June 01, 2006 T~e 30, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal Principal Balance Reduction of 15.840000 06/30/2006 Dividend 28.56 Payable On 06/30/2006 Johnson Controls Inc 102 Shares At 0.28 06/30/2006 Dividend 15.05 Payable On 06/30/2006 Becton Dickinson & Co 70 Shares At 0.215 06!30/2006 Dividend 21.34 Payable On 06/30/2006 Pepsi Bottling Group Inc 194 Shares At 0.11 06/30/2006 Purchased On 06/27/2006 65 Units -4,091.10 ConocoPhillips 65 Units At $ 62.89 Per Unit Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 51 Units -2,181.20 Ensco International Inc 51 Units At $ 42.7187 Per Unit Through Lynch Jones & Ryan 06/30!2006 Purchased On 06/27/2006 130 Units -2,095.60 Applied Materials Inc 130 Units At $ 16.07 Per Unit Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 20 Units -786.14 Capital Bancorp Ltd 20 Units At $ 39.2571 Per Unit Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 9 Units -689.67 International Business Machines Corp 9 Units At $ 76.58 Per Unit STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 35 • June 01, 2006 To ~ 30, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 160 Units -6,927.62 Komag Inc 160 Units At $ 43.2476 Per Unit Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 185 Units -4,608.07 Leggett & Platt Inc 185 Units At $ 24.8585 Per Unit Through Lynch Jones & Ryan 06/30/2006 Purchased On 06/27/2006 68 Units -2,813.80 Ingersoll-Rand Co CI A 68 Units At $ 41.3294 Per Unit Through Lynch Jones 8 Ryan 06/30/2006 Purchased On 06/27/2006 20 Units -934.37 McKesson HBOC Inc 20 Units At $ 46.6683 Per Unit Through Lynch Jones & Ryan 06/30/2006 Sold On 06/27/2006 35 Units 2,148.93 United Technologies Corp 35 Units At $ 61.45 Through Lynch Jones 8 Ryan 06/30/2006 Sold On 06/27/2006 172 Units 1,685.54 Portalplayer Inc 172 Units At $ 9.85 Through Lynch Jones & Ryan 06/30/2006 Sold On 06/27/2006 220 Units 5,987.95 Hummingbird Communications 220 Units At $ 27.2688 Through Lynch Jones & Ryan 06/30/2006 Sold On 06/27/2006 240 Units 4,375.06 Intel Corp 240 Units At $ 18.28 STC 74 LARGE FONT -Transactions (2 cofJ - NEWTRNH Page 36 • June 01, 2006 l~e 30, 2006 • Account Name : Tequesta General Employees Pension Account No :80105025 Transactions Date Description Income Principal Through Lynch Jones & Ryan 06/30/2006 Sold On 06/27/2006 206 Units 4,846.68 DR Horton Inc 206 Units At $ 23.5783 Through Lynch Jones & Ryan 06/30/2006 Sold On 06/27/2006 112 Units 6,736.41 Chevron Corp 112 Units At $ 60.1984 Through Lynch Jones & Ryan Short Term Investment Summary 06/01/2006 To 06/30/2006 12 Purchase(s) For 0.00 -15,977.68 1 Sale(s) For 0.00 1,293.92 * * * Ending Balances * * * $ 0.00 $ 0.00 STC 74 LARGE FONT -Transactions (2 col) - NEWTRNH Page 37 • Account Name : Tequesta General Employees Pension Gain (Loss) On Sale Of Assets Chevron Corp Sold 112 Shares At 60.20 Per Share, Less Expenses Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones 8 Ryan DR Horton Inc Sold 206 Shares At 23.58 Per Share, Less Expenses Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan FHLMC Gold Pool #C90939 5.500% 12/01/25 FNMA Pass Thru Pool #884093 6.000% 05/01/36 GS Financial Sq Trsy Oblig Adm The Amount Shown Is The Net Of Withdrawls For The Entire Period Hummingbird Communications Sold 220 Shares At 27.27 Per Share, Less Expenses Trade Date : 06!27/2006 Settlement Date :06/3012006 Broker: Lynch Jones & Ryan Intel Corp Sold 240 Shares At 18.28 Per Share, Less Expenses Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones 8 Ryan Portalplayer Inc Sold 172 Shares At 9.85 Per Share, Less Expenses Trade Date :06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan U S Treasury Note 3.500% 11/15/06 Sotd 5000 Par Value At 99.32 Per ,Less Expenses Trade Date :06/02/2006 Settlement Date :06/05/2006 Broker: First Tennessee Bank Natl Assn STC 74 EBR2GLS-Gain(Loss) on Sale of Asset June 01, 2006 To J• 30, 2006 Prior Period Ending Market Value (Aggregate Cost Basis) 6,696.48 • Account No :80105025 Proceeds Gain/(Loss) 6,736.41 39.93 5,430.16 4,846.68 -583.48 105.43 108.34 2,91 15.65 15.84 0.19 1,293.92 1,293.92 0.00 6,135.80 5,987.95 -147.85 4,324.80 4,375.06 50.26 1, 728.60 1, 685.54 -43.06 4, 964.06 4, 966.21 2.15 Page 38 • Account Name : Tequesta General Employees Pension June 01, 2006 ~e 30, 2006 • Account No :80105025 Gain (Loss) On Sale Of Assets Prior Period Ending Market Value Proceeds Gain/(Loss) (Aggregate Cost Basis) United Technologies Corp 2,188.20 2,148.93 -3g 27 Sold 35 Shares At 61.45 Per Share, Less Expenses Trade Date ~ 06/27/2006 Settlement Date :06/30/2006 Broker: Lynch Jones & Ryan Tolal Gain (Loss) On Sales 32,883.10 32,164.88 -718.22 STC 74 EBR2GLS-Gain(LossJ on Sale ofAssef Page 39 • Account Name : Tequesta General Employees Pension June 01, 2006 To J~fe 30, 2006 • Account No :80105025 List Of Assets Prior Period Ending Market Value (Aggregate Market Value) Current Market Unit PrICe Current Market Value Unrealized Gain/(Loss) Cash 0.00 0.00 0.00 Short Term Investments GS Financial Sq Trsy Oblig Adm 14,683.76 1.00 14,683.76 0.00 14683.76 Par Value Total Short Term Investments 14,683.76 14,683.76 0.00 Fixed Income U S Government & Agencies FHLB Series 580 4.125% 10/19/2007 9,840.63 0.982813 9,828.13 -12.50 10000 Par Value FHLB Series TV06 4.875% 11/15/2006 9,981.25 0.997813 9,978.13 -3.12 10000 Par Value FHLMC 4.500% 01/15/2013 2,850.94 0.945 2,835.00 -15.94 3000 Par Value FHLMC 4.875% 11/15/2013 4,839.06 0.962188 4,810.94 -28.12 5000 Par Value FHLMC 5.750% 04/15/2008 10,075.00 1.004375 10,043.75 -31.25 10000 Par Value FHLMC 5.750% 03/15/2009 10,106.25 1.007813 10,078.13 -28.12 10000 Par Value FHLMC 5.125% 10/15/2008 4,976.56 0.993126 4,965.63 -10.93 5000 Par Value FNMA 5.250% 01/15/2009 9,981.25 0.995313 9,953.13 -28.12 10000 Par Value FNMA 4.750% 12/15/2010 4,873.44 0.971562 4,857.81 -15.63 5000 Par Value FNMA 5.000% 04!15/2015 7,777.50 0.966875 7,735.00 -42.50 8000 Par Value FNMA 5.500% 03/15/2011 7,028.44 1.000626 7,004.38 -24.06 7000 Par Value STC 74 EBR2LOA-List of Assets Page 40 • Account Name : Tequesta General Employees Pension List Of Assets June 01, 2006 T~ 30, 2006 Prior Period Ending Market Value (Aggregate Market Value) Current Current Market Unit Market Value Price • Account No :80105025 Unrealized Gain/(Loss) U S Treasury Note 4.250% 08/15/2013 9,493.75 0.94875 9,487.50 -6.25 10000 Par Value U S Treasury Note 3.500% 11/15/2006 9,928.13 0.99375 9,937.50 9.37 10000 Par Value U S Treasury Note 4.000% 09/30/2007 14,793.75 0.985 14,775.00 -18.75 15000 Par Value U S Treasury Note 4.125°/0 08/15/2008 19,643.75 0.980313 19,606.25 -37.50 20000 Par Value U S Treasury Note 4.250% 08/15!2015 4,679.69 0.935626 4,678.13 -1.56 5000 Par Value U S Treasury Note 4.250% 10/15/2010 14,545.31 0.967813 14,517.19 -28.12 15000 Par Value U S Treasury Note 5.500% 05/15/2009 10,134.38 1.01 10,100.00 -34.38 10000 Par Value Total U S Government 8 Agencies 165,549.08 165,191.60 -357.48 Corporate Obligations Avon Products 4.625% 05/15/2013 4,641.22 0.924208 4,621.04 -20.18 5000 Par Value Bank of America Corp 7.500% 09/15/2006 5,029.32 1.003636 5,018.18 -11.14 5000 Par Value Bank One Corp 5.900% 11/15/2011 5,035.49 1.003328 5,016.64 -18.85 5000 Par Value Bristol-Myers Squibb 5.750% 10/01/2011 5,009.35 0.997336 4,986.68 -22.67 5000 Par Value Capital One Bank 5.750% 09/15/2010 5,006.26 0.99764 4,988.20 -18.06 5000 Par Value Carolina Power & Light 6.800% 08/15/2007 5,068.59 1.01122 5,056.10 -12.49 5000 Par Value CIT Group Inc Series MTN 4.750% 08/15/2008 4,916.01 0.980936 4,904.68 -11.33 5000 Par Value STC 74 EBR2LOA-List of Assets Page 41 • Account Name : Tequesta General Employees Pension List Of Assets June 01, 2006 To J•30, 2006 Prior Period Ending Market Value (Aggregate Market Value) Countrywide Home Loan 5.625% 07/15/2009 5000 Par Value CSX Corp 6.250% 10/15/2008 5000 Par Value Deutsche Bank Financial 7.500% 04/25/2009 6000 Par Value Gannett Co 6.375% 04/01/2012 5000 Par Value Goldman Sachs Group Inc 5.250% 10/15/2013 5000 Par Value Hewlett-Packard Co 5.750% 12/15/2006 5000 Par Value HSBC Finance Corp 5.250% 04/15/2015 5000 Par Value Kohls Corporation 6.300% 03/01/2011 5000 Par Value Lehman Brothers Hldg Ser MTN 5.000% 01/14/2011 5000 Par Value Lowes Companies Inc 5.000% 1 0/1 51201 5 5000 Par Value Merrill Lynch & Co 4.250% 09/14/2007 5000 Par Value SLM Corp Series MTN 5.125% 08!27/2012 5000 Par Value Target Corp 5.375% 06/15/2009 5000 Par Value Wachovia Bank NA 5.600% 03/15/2016 5000 Par Value Total Corporate Obligations Govt MBS/CM0/ABS STC 74 EBR2LOA-list of Assets 4,992.61 5,068.59 6, 295.19 5,091.27 4,805.29 5,010.43 4, 729.25 5,116.27 4,865.20 4, 729.79 4,913.38 4,818.18 4,988.99 4, 861.03 104,991.71 Current Current Market Unit Market Value Price 0.994984 4,974.92 1.010786 5,053.93 1.044783 6,268.70 1.011944 5,059.72 0.958182 4,790.91 1.00067 5,003.35 0.943942 4,719.71 1.01841 5,092.05 0.968664 4,843.32 0.94021 4,701.05 0.985068 4,925.34 0.960316 4,801.58 0.99475 4,973.75 0.969598 4,847.99 104,647.84 • Account No :80105025 Unrealized Gain/(Loss) -17.69 -14.66 -26.49 -31.55 -14.38 -7.08 -9.54 -24.22 -21.88 -28.74 11.96 -16.60 -15.24 -13.04 -343.87 Page 42 • Account Name : Tequesta General Employees Pension List Of Assets June 01, 2006 l~e 30, 2006 Prior Period Ending Market Value (Aggregate Market Value) Current Current Market Unit Market Value Price • Account No :80105025 Unrealized Gain/(Loss) FHLMC Gold Pool #C90939 14537.3 Par Value FNMA Pass Thru Pool #884093 14984.16 Par Value Total Govt MBS/CMO/ABS Equity Equity Altria Group Inc 90 Shares Amdocs Ltd 210 Shares Apache Corp 104 Shares Applied Materials Inc 420 Shares AT&T Inc 204 Shares Bank of America Corp 150 Shares Bear Stearns Co Inc 56 Shares Becton Dickinson ~ Co 70 Shares Burlington Northern Santa Fe Corp 90 Shares Capital Bancorp Ltd 160 Shares Caterpillar Inc 94 Shares 5.500% 12!01 /2025 14,146.60 0.970149 14,103.34 -43.26 6.000% 05/01/2036 14,802.39 0.984406 14,750.50 -51.89 28,948.99 28,853.84 -95.15 6,511.50 73.43 6,608.70 97 .20 7,868.70 36. 60 7,686.00 -182 .70 6.747.52 68. 25 7,098.00 350 .48 6,999.50 16. 28 6,837.60 -161 .90 5,316.24 27. 89 5,689.56 373 .32 7,260.00 48. 10 7,215.00 -45 .00 7,490.00 140. 08 7,844.48 354 .48 4,230.10 61. 13 4,279.10 49 .00 6,966.90 79. 25 7,132.50 165 .60 6,520.54 38. 95 6,232.00 -288 .54 6,857.30 74. 48 7,001.12 143 .82 STC 74 EBRZLOA-List otAssets Page 43 • June 01, 2006 To ~ 30, 2006 Account Name : Tequesta General Employees Pension • Account No :80105025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain!(Loss) (Aggregate Market Value) Price Cato Corp 4,128.25 25.85 4,523.75 395.50 175 Shares Central Europe & Russia Fund 4,460.25 45.97 4,367.15 -93.10 95 Shares CIT Group Inc 6,682.00 52.29 6,797.70 115.70 130 Shares Citigroup Inc 7,296.40 48.25 7,141.00 -155.40 148 Shares ConocoPhillips 7,572.05 65.53 7,863.60 291.55 120 Shares Diodes Inc 6,409.80 41.44 7,459.20 1,049.40 180 Shares Dow Chemical 6.060.24 39.03 5,932.56 -127.68 152 Shares Eaton Corp 7,354.00 75.40 7,540.00 186.00 100 Shares Ensco International Inc 5,880.46 46.02 5,752.50 -127.96 125 Shares Fiserv Inc 6,429.35 45.36 6,758.64 329.29 149 Shares Gardner Denver Machy Inc 4,829.44 38.50 4,928.00 98.56 128 Shares Global Imaging Systems Inc 6,797.70 41.28 6,852.48 54.78 166 Shares Hartford Financial Svcs Grp 7,386.96 84.60 7,106.40 -280.56 84 Shares Ingersoll-Rand Co CIA 5,953.72 42.78 5,989.20 35.48 140 Shares International Business Machines Corp 7,161.57 76.82 6,913.80 -247.77 90 Shares STC 74 EBR2LOA-List of Assets Page 44 • June 01, 2006 ~ne 30, 2006 Account Name : Tequesta General Employees Pension List Of Assets Prior Period Ending Market Value (Aggregate Market Value) iShares MSCI Australia Index 3,328.00 160 Shares iShares MSCI Austria Index 4,609.50 150 Shares iShares MSCI Brazil 2,217.00 60 Shares iShares MSCI EAFE Index Fund 4,580.10 70 Shares iShares MSCI Japan Index Fd 4,270.00 305 Shares iShares MSCI Mexico 3,057.45 85 Shares iShares MSCI Netherlands Index 2,250.00 100 Shares iShares MSCI South Korea Index 3,171.00 70 Shares iShares MSCI Sweden Index Fd 3,419.55 135 Shares iShares MSCI United Kingdom 3,340.80 160 Shares Jarden Corp 5,647.52 188 Shares Johnson 8 Johnson 6,563.98 109 Shares Johnson Controls Inc 8,687.34 102 Shares JP Morgan Chase & Co 7,248.80 170 Shares Kimberly-Clark Corp 5,763.65 95 Shares • Account No :80105025 Current Market Unit Price Current Market Value Unrealized Gain/(Loss) 20.75 3,320.00 -8.00 30.89 4,633.50 24.00 39.12 2,347.20 130.20 65.39 4,577.30 -2.80 13.64 4,160.20 -109.80 37.15 3,157.75 100.30 22.55 2,255.00 5.00 45.12 3,158.40 -12.60 25.30 3,415.50 -4.05 21.05 3,368.00 27.20 30.45 5,724.60 77.08 59.92 6,531.28 -32.70 82.22 8,386.44 -300.90 42.00 7,140.00 -108.80 61.70 5,861.50 97.85 STC 74 EBR2LOA-List of Assets Page 45 • Account Name : Tequesta General Employees Pension June 01, 2006 To J• 30, 2006 • Account No :80105025 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Pr1Ce Komag Inc 6,927.62 46.18 7,388.80 461.18 160 Shares Labor Ready Inc 7,153.35 22.65 6,998.85 -154.50 309 Shares Leggett & Platt Inc 4,608.07 24.98 4,621.30 13.23 185 Shares Marathon Oil Corp 8,180.45 83.30 9,079.70 899.25 109 Shares McKesson HBOC Inc 6,874.37 47.28 6,619.20 -255.17 140 Shares Men's Wearhouse Inc 2,235.42 30.30 1,999.80 -235.62 66 Shares MetLife Inc 7,669.03 51.21 7,630.29 -38.74 149 Shares Morgan Stanley India Investment Fund 3,258.75 43.59 3,269.25 10.50 75 Shares Motorola Inc 5,905.20 20.15 5,642.00 -263.20 280 Shares Nordstrom Inc 5,892.80 36.50 5,840.00 -52.80 160 Shares Pantry Inc 6,762.60 57.54 6,732.18 -30.42 117 Shares Pepsi Bottling Group Inc 6,079.96 32.15 6,237.10 157.14 194 Shares PPG Industries Inc 5,919.28 66.00 6,072.00 152.72 92 Shares PPL Corp 6,668.48 32.30 7,235.20 566.72 224 Shares Quest Diagnostics 7,747.86 59.92 8,328.88 581.02 139 Shares STC 74 E8R2LOA-List of Assets Page 46 • June 01, 2006 T~ 30, 2006 Account Name : Tequesta General Employees Pension List Of Assets Prior Period Ending Market Value (Aggregate Market Value) Selective Insurance Group 7,521.00 138 Shares Sempra Energy 6,565.62 146 Shares Sierra Health Services 5,768.00 140 Shares SUPERVALU Inc 6,123.60 210 Shares Turkish Investment Fund 1,679.40 90 Shares Turkish Investment Fund Rt 1,471.50 90 Shares United Technologies Corp 6,252.00 100 Shares Valero Energy Corp 7,975.50 130 Shares Verizon Communications Inc 4,931.18 158 Shares VF Corp 7,362.81 117 Shares Wachovia Corp 6,259.50 117 Shares Washington Mutual Inc 7,253.78 158 Shares Weltpoint Inc 6,728.52 94 Shares Wyeth 6,815.26 149 Shares Total Equity 409,916.09 STC 74 EBR2LOA-List of Assets Account No~105025 Current Market Unit Price Current Market Value Unrealized Gain/(Loss) 55.87 7,710.06 189.06 45.48 6,640.08 74.46 45.03 6,304.20 536.20 30.70 6,447.00 323.40 18.05 1,624.50 -54.90 0.00 0.00 -1,471.50 63.42 6,342.00 90.00 66.52 8,647,60 672.10 33.49 5,291.42 360.24 67.92 7,946.64 583.83 54.08 6,327.36 67.86 45.58 7,201.64 -52.14 72.77 6,840.38 111.86 44.41 6,617.09 -198.17 415,221.23 5,305.14 Page 47 • Account Name : Tequesta General Employees Pension List Of Assets June 01, 2006 To~ 30, 2006 Prior Period Current Ending Market Value Market Unit (Aggregate Market Value) Price • Account No :80105025 Current Unrealized Market Value Gain/(Loss) TOTAL INVESTMENTS MARKET VALUE TOTAL ACCRUED INCOME NET ASSETS 724,089.63 4,073.14 728,162.77 728,598.27 4,508.64 4,073.14 732,671.41 4,508.64 STC 74 EBR210A-List of Assets Page 48 • Account Name : Tequesta General Employees Pension Brokerage Commissions Broker Name June 01, 2006 ~e 30, 2006 Non-Directed No. of Trades Commission Amt • Account No :80105025 Directed No. of Trades Commission Amt Lynch Jones & Ryan Total 15 84.65 0 0.00 15 84.65 0 0.00 STC 74 EBR28RC-Broker Commissions Page 49